Over the past decade, Wenona has experienced fluctuations in its population, with a slight overall decline from 1,495 residents in 2013 to 1,279 in 2022. The median income has also changed, peaking at $54,041 in 2017 before decreasing to $45,764 in 2022. This trend may indicate an increasing need for affordable housing options in recent years.

The racial composition of Wenona has remained predominantly white, consistently above 90% throughout the observed period. There has been a small but noticeable increase in residents identifying as two or more races, rising from 1% in 2013 to 5% in 2022. The Hispanic population has fluctuated between 2% and 5% during this time.

Despite these demographic shifts, no new LIHTC projects have been developed in Wenona over the past decade. This could be due to various factors, including limited funding availability, changes in housing policy priorities, or the perception that existing affordable housing stock is sufficient for the current population needs.

Wenona's LIHTC-funded affordable housing inventory consists of a single project, Wenona Place Apts, which has provided 16 low-income units since 1995. While this represents a small portion of the city's estimated housing stock, it has been a consistent source of affordable housing for nearly 30 years. The city's demographic trends, including a slight population decline and decreasing median income in recent years, suggest a potential ongoing need for affordable housing options. However, the lack of new LIHTC developments in the past decade indicates that other factors may be influencing affordable housing development in the area.