Pilsen has experienced demographic shifts over the past decade. The population increased slightly from 10,824 in 2020 to 12,146 in 2022. The median income grew from $59,986 in 2020 to $59,954 in 2022, indicating improving economic conditions for some residents.

Racial demographics have changed. The Hispanic population, while still the majority, decreased from 60% in 2020 to 67% in 2022. The white population decreased from 29% to 23%, while the Asian population remained stable at 5-6%. These changes suggest a dynamic community composition.

The absence of new LIHTC projects in the last decade may be attributed to rising median income and changing demographics. As the neighborhood's economic profile improves, there may be less perceived need for additional low-income housing developments. However, existing affordable housing continues to play a crucial role in maintaining community diversity and providing housing options for long-term residents.

Pilsen's LIHTC-funded affordable housing inventory, while modest, provides essential low-income housing options. The three LIHTC projects, completed between 2002 and 2010, offer diverse unit types. Despite no new LIHTC developments in the past decade, the existing affordable housing stock remains vital as the neighborhood experiences demographic shifts and rising median incomes. These projects continue to contribute to Pilsen's housing diversity and support for low-income residents amidst ongoing community changes.