Over the past decade, McVoy has experienced demographic shifts. The population has fluctuated, with a decrease in 2020 followed by a rebound in subsequent years. The median income has shown an overall upward trend, rising from $27,674 in 2017 to $46,365 in 2022, potentially indicating improving economic conditions for residents.

Racial demographics have also changed. The Black population has remained the majority, though its proportion has varied, peaking at 77% in 2019 and settling at 57% in 2022. The White population has decreased from 40% in 2017 to 22% in 2022. The Hispanic population has increased significantly, rising from near 0% to 19% in 2022, suggesting growing diversity in the neighborhood.

These demographic changes, particularly the rising median income, may influence the ongoing need for affordable housing in the area. However, with over half the population still being of minority status and incomes still moderate, the existing LIHTC housing likely continues to play a crucial role in the community.

The McVoy neighborhood's LIHTC funded affordable housing, comprising about 13.7% of the estimated housing inventory, has provided long-term affordable housing options for nearly two decades. While the neighborhood has experienced demographic shifts, including rising median incomes and increasing diversity, the continued presence of moderate-income and minority populations suggests an ongoing need for affordable housing options. The LIHTC program's investment in McVoy represents a significant contribution to meeting this need.