Over the last decade, Frankford has experienced demographic shifts. The population increased from 20,863 in 2015 to 24,098 in 2022, indicating growing housing demand. Median income rose from $25,253 in 2015 to $31,193 in 2022, suggesting some economic improvement in the area.

Racial demographics have also changed. The Black population decreased from 46% in 2015 to 41% in 2022, while the Hispanic population increased from 28% to 35% during the same period. The Asian population grew slightly from less than 1% to 2%. These shifts may indicate changing housing needs and potentially influence future affordable housing developments.

Despite these demographic changes, no new LIHTC projects have been recorded in Frankford since 1996. This could be due to various factors, including changes in funding priorities, land availability, or the emergence of other affordable housing initiatives not captured in this data.

Frankford's LIHTC-funded affordable housing inventory covers a small percentage of the estimated housing stock. The neighborhood saw significant affordable housing development in the late 1980s and early 1990s, with a diverse range of unit sizes. Recent demographic trends show population growth and increasing median income, along with shifts in racial composition. These changes may inform future affordable housing strategies in Frankford, potentially indicating a need for reassessment of current affordable housing inventory in light of evolving community demographics and housing demands.