The West Walnut/Union Terrace neighborhood has experienced significant demographic changes over the past decade. The population increased from 7,858 in 2015 to 10,223 in 2022, suggesting a growing demand for housing. Median income fluctuated, rising from $28,776 in 2015 to $39,232 in 2022, indicating potential changes in the neighborhood's economic landscape.

Racial demographics have also shifted. The Hispanic population increased from 43% in 2015 to 54% in 2022, while the white population decreased from 41% to 27% during the same period. The Asian population grew from 2% to 7%, and the Black population remained relatively stable at 10-11%. These changes reflect the neighborhood's increasing diversity.

Despite these demographic shifts, there has been no new LIHTC development in recent years. This lack of development could be attributed to various factors, including changes in local housing policies, land availability, or shifts in funding priorities.

The West Walnut/Union Terrace neighborhood's LIHTC funded affordable housing inventory, while significant, covers a relatively small portion of the estimated housing stock. The Allentown Towne House project, completed in 1989, remains a cornerstone of affordable housing in the area, providing predominantly one-bedroom units. The neighborhood has experienced population growth and increasing diversity over the past decade, with notable increases in Hispanic and Asian populations. Despite these demographic changes, the absence of recent LIHTC development suggests a potential need for reassessment of affordable housing needs in light of the evolving community composition.