Over the past decade, Summit's population has fluctuated, decreasing from 3,176 in 2013 to 2,911 in 2022. Despite this overall decline, the median income has increased from $23,168 in 2013 to $27,576 in 2022. This rise in median income may explain the absence of additional LIHTC projects in recent years, as the neighborhood's economic profile has potentially shifted.

Summit's racial composition has also changed significantly. The white population decreased from 66% in 2013 to 49% in 2022, while the Black population increased from 24% to 31% during the same period. The Hispanic population grew from 5% to 9%, and the proportion of residents identifying as two or more races increased from 3% to 10%. These demographic shifts may indicate changing housing needs in the neighborhood.

Summit's affordable housing landscape is primarily defined by a single LIHTC-funded project completed in 2009, which accounts for a small portion of the neighborhood's estimated housing inventory. The neighborhood has experienced demographic changes over the past decade, including population fluctuations, increasing median income, and shifts in racial composition. These factors may influence the current and future affordable housing needs of the community. The existing LIHTC project contributes to the neighborhood's affordable housing stock, but ongoing assessment of housing needs in light of demographic trends will be crucial for addressing low-income housing requirements in Summit.