Over the past decade, Perry North has experienced demographic shifts. The population has decreased from 6,353 in 2013 to 5,652 in 2022, a decline of about 11%. Despite this population decrease, the median income has increased from $52,904 in 2013 to $58,259 in 2022, representing a 10% growth.

Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 73-76% in recent years). The Black population has slightly decreased from 25% in 2013 to 19% in 2022. The Hispanic population has remained steady at around 2-3% throughout this period.

The absence of new LIHTC projects in the last decade could be attributed to the rising median income and relatively stable racial demographics. These factors might indicate a reduced need for additional low-income housing in the area, although other affordable housing programs not captured in this data could be addressing community needs.

Perry North's LIHTC-funded affordable housing inventory is characterized by a single project, Benet Woods, completed in 2009. This project provides 11 low-income units, primarily consisting of three-bedroom apartments. While the LIHTC program's contribution to the neighborhood's housing stock is small (0.51%), it has maintained a presence for over a decade. The neighborhood has experienced a population decline and income growth in recent years, which may influence the perceived need for additional affordable housing projects. A comprehensive assessment of affordable housing needs would require consideration of other housing programs and local economic factors beyond the scope of this LIHTC-focused analysis.