Over the past decade, the Airport neighborhood has experienced demographic shifts. The population has remained relatively stable, with minor fluctuations. The median income has increased significantly, rising from $57,668 in 2017 to $79,092 in 2022, indicating potential economic growth in the area.

Racial distribution trends show a gradual increase in the Hispanic population, from 70% in 2017 to 74% in 2022. Concurrently, there has been a slight decrease in the white population, from 20% to 16% over the same period. The Asian and Black populations have remained relatively stable, each representing about 3-5% of the neighborhood's population.

The absence of new LIHTC projects in the last decade may be attributed to the rising median income, which might have reduced the perceived need for additional low-income housing. However, other affordable housing programs not captured in this data might also be addressing housing needs in the neighborhood.

The Airport neighborhood in Riverside, California, has a single LIHTC-funded affordable housing project, Phoenix Terrace Apartments, which has served the community since 2001. This project provides 87 low-income units, primarily two-bedroom apartments. While the LIHTC-funded housing covers a small percentage of the estimated housing inventory, it represents a long-standing commitment to affordable housing in the area. The neighborhood has experienced economic growth over the past decade, as evidenced by rising median incomes, which may have influenced the lack of new LIHTC projects. The demographic composition has shifted slightly, with an increase in the Hispanic population and a decrease in the white population. These trends provide context for understanding the affordable housing landscape in the Airport neighborhood.