Lancaster's population has remained relatively stable over the past decade, decreasing slightly from 73,990 in 2015 to 73,168 in 2022. The median income has increased significantly, rising from $47,018 in 2015 to $59,990 in 2022. This upward trend in income may indicate a reduced need for additional affordable housing in recent years.

The racial composition of Lancaster has remained fairly consistent over the past decade. The Hispanic population has consistently represented about 34-35% of the total population, while the White population has slightly decreased from 48% to 47%. The Black population has remained steady at around 11-12%, and there has been a small increase in the Asian population and those identifying as two or more races.

Lancaster's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has benefited from over $14 million in tax credits, supporting 19 projects over 23 years. While the majority of projects were completed in the 1980s and early 1990s, the most recent developments in 2010 indicate ongoing efforts to address affordable housing needs. The diverse unit mix caters to various household sizes, with a predominance of one and two-bedroom units. Although no new LIHTC projects have been reported in the last decade, the city's rising median income and stable population suggest changing dynamics in affordable housing demand. The consistent racial diversity of the city underscores the importance of maintaining an inclusive approach to affordable housing development.