Over the past decade, Jacksonville's population has remained relatively stable, fluctuating between 18,800 and 19,400 residents. The median income has increased significantly, rising from $33,858 in 2013 to $46,971 in 2022, representing a 38.7% increase over this period.

Racial demographics have evolved. The Hispanic population has remained relatively stable, comprising about 33-36% of the population. The Black population has decreased slightly from 18% in 2013 to 14% in 2022, while the White population has increased marginally from 45% to 47% during the same period.

The completion of two LIHTC projects in 2016 coincides with a period of relative population stability and increasing median income. This suggests that while overall economic conditions were improving, there was still a recognized need for affordable housing options in the community.

Jacksonville's LIHTC funded affordable housing inventory, while modest in scale, has been developed over several decades, with the most recent additions in 2016. The 138 total units, including 57 low-income units, contribute to addressing affordable housing needs in the city. The mix of unit types suggests an effort to accommodate various household sizes. The percentage of LIHTC funded housing is relatively small compared to the estimated total housing inventory, representing a consistent effort to provide affordable options in a city that has seen rising median incomes and subtle shifts in racial demographics over the past decade.