Over the past decade, College Square has experienced demographic shifts. The population decreased from 5,879 in 2014 to 4,645 in 2022, a decline of about 21%. The median income has shown an upward trend, rising from $32,098 in 2014 to $40,461 in 2022, an increase of approximately 26%.

Racial demographics have also changed. The white population percentage increased slightly from 66% in 2014 to 69% in 2022. The Black population decreased from 18% to 12% during the same period. The Hispanic population increased from 6% to 9%, and the percentage of residents identifying as two or more races grew from 3% to 8%.

These demographic changes, particularly the increase in median income and the decrease in population, may partially explain why no new LIHTC projects have been developed in the neighborhood since 1998. The rising median income could indicate a reduced need for additional affordable housing units in recent years.

College Square's LIHTC-funded affordable housing inventory has been a stable presence in the neighborhood for over two decades. The single project, Ehdg Apts, provides 17 low-income units, primarily catering to families with its mix of two and three-bedroom apartments. While the neighborhood has experienced population decline and income growth over the past decade, along with shifts in racial composition, the existing LIHTC project continues to contribute to the area's affordable housing needs. The demographic trends observed may provide context for the lack of new LIHTC developments in recent years, suggesting a potentially evolving housing market in College Square.