Over the past decade, Cabrini Green has experienced significant demographic changes. The population has increased from 1,714 in 2010 to 2,006 in 2022, indicating rising housing demand. Median income has also increased substantially, from $98,125 in 2013 to $138,745 in 2022, suggesting gentrification trends.

Racial demographics have shifted notably. The Black population decreased from 48% in 2013 to 21% in 2022, while the White population increased from 33% to 59% during the same period. The Asian population has remained relatively stable, fluctuating between 6% and 11%.

These demographic changes, particularly the rising median income and shift in racial composition, may indicate evolving housing needs in the neighborhood. The absence of new LIHTC projects since 2016 could be related to these demographic shifts, potentially suggesting a reduced need for additional affordable housing units in recent years.

Cabrini Green's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The area experienced substantial affordable housing development between 2007 and 2016, with a mix of unit sizes to accommodate various household needs. However, the neighborhood has undergone notable demographic changes in the past decade, including population growth, rising median incomes, and shifts in racial composition. These changes may influence the current and future needs for affordable housing in the area.