Framingham has experienced demographic shifts over the past decade. The population has grown from 3,326 in 2015 to 4,023 in 2022, an increase of about 21%. During this period, the median income has risen from $27,746 in 2015 to $35,480 in 2022, representing a 27.9% increase. Racial demographics have remained relatively stable, with the Black population consistently representing the majority. However, there has been a slight decrease in the Black population percentage from 78% in 2015 to 71% in 2022. The Hispanic population has increased from 4% to 8% during the same period. The White population has remained relatively stable, ranging between 13% and 17% over the past decade.

The completion of Faith Village Apts I in 2014 aligns with a period of population growth and income fluctuation in the neighborhood. This suggests that the development of affordable housing may have been in response to changing demographic needs and economic conditions in Framingham.

Framingham's LIHTC funded affordable housing inventory plays a significant role in the neighborhood's housing landscape, covering over one-third of the estimated housing stock. The area has seen consistent investment in affordable housing over three decades, with a particular focus on family-sized units. The demographic trends over the past decade, including population growth and shifts in racial composition, correlate with the continued development of affordable housing in the area. These LIHTC funded projects appear to be responding to the evolving needs of the community, providing essential housing options for low-income residents in Framingham.