The 1980s were active for affordable housing development in Elizabeth Park, with three out of four projects completed during this decade. The housing mix in LIHTC-funded projects includes 8 one-bedroom units, 6 two-bedroom units, and 3 three-bedroom units, offering options for different household sizes.

Elizabeth Park has experienced demographic shifts over the past decade. The population has remained relatively stable, with slight fluctuations between 2013 and 2022. The median income has increased from $20,001 in 2013 to $33,270 in 2022, indicating improving economic conditions for residents.

Racial demographics have evolved. The neighborhood remains predominantly African American, but this population has decreased from 93% in 2013 to 86% in 2022. Concurrently, there has been an increase in the white population from 4% to 12% over the same period.

These demographic changes, particularly the rising median income, may suggest evolving housing needs in the neighborhood. The last LIHTC project was completed in 2002, predating these more recent demographic shifts.

Elizabeth Park's affordable housing landscape is characterized by a small but significant LIHTC-funded inventory, representing about 2.8% of the estimated housing units. The neighborhood saw most of its LIHTC development in the late 1980s, with the last project completed in 2002. While the area has experienced rising median incomes and slight shifts in racial composition over the past decade, these changes occurred after the most recent LIHTC development. The existing affordable housing stock continues to play a role in the neighborhood's housing mix, offering various unit sizes to accommodate different household needs.