Over the past decade, the neighborhood has experienced demographic shifts. The population has remained relatively stable, fluctuating between about 1,700 and 2,000 residents. Median income has shown an upward trend, increasing from $27,808 in 2013 to $40,784 in 2022, representing a 46.7% increase.

Racial demographics have also shifted. The neighborhood remains predominantly Black, but the percentage has decreased from 97% in 2013 to 83% in 2022. Concurrently, there has been a slight increase in Hispanic and White populations, as well as those identifying as two or more races.

These demographic changes, particularly the increase in median income, may have influenced the lack of new LIHTC projects in the neighborhood since 1995. The rising income levels could indicate a reduced need for additional affordable housing units in recent years.

The Norble and Gregory Ridge neighborhood has a small but established LIHTC funded affordable housing inventory, primarily developed in the late 1980s. While these units represent a small percentage of the estimated housing stock, they provide important affordable options for low-income residents. The neighborhood has experienced demographic changes over the past decade, including rising median incomes and increased racial diversity, which may have impacted the demand for new affordable housing developments. Despite the lack of recent LIHTC projects, the existing units continue to play a role in the neighborhood's housing landscape.