Tepe Park has experienced demographic changes over the past decade. The population has shown a general downward trend, decreasing from 1,947 residents in 2017 to 1,355 in 2022. Despite this population decrease, the median income has risen from $23,737 in 2017 to $33,630 in 2022.

The racial composition of the neighborhood has also shifted. The Black population percentage decreased from 51% in 2017 to 44% in 2022, while the White population increased from 35% to 39% during the same period. The Hispanic population grew from 7% to 11% between 2017 and 2020 but then decreased to 6% by 2022.

These demographic changes, particularly the rising median income, may have influenced the lack of new LIHTC projects in the neighborhood since 2013. The increasing income levels could indicate a reduced need for additional affordable housing units in recent years.

Tepe Park's LIHTC funded affordable housing inventory represents a significant per-unit investment, despite its small size. The 5 low-income units, all part of larger family-oriented housing, cover just under 1% of the estimated housing stock. The area has seen a 25-year span of LIHTC development, with the most recent project completed in 2013. Recent demographic trends, including a decreasing population and rising median income, may explain the absence of new LIHTC projects in the past decade. These factors provide context for understanding the current state of affordable housing in Tepe Park and potential future needs.