The 2000s decade saw the most LIHTC activity in Lakewood Heights, with both projects completed during this period. Neither project specifies a target population, suggesting they may be open to a diverse range of low-income residents.

Lakewood Heights has experienced significant demographic changes over the past decade. The population increased from 2,064 in 2013 to 2,727 in 2022, a 32% growth. Median income rose substantially from $23,789 in 2013 to $42,524 in 2022, a 79% increase. The racial composition remained predominantly Black, though decreasing slightly from 95% in 2019 to 87% in 2022. Concurrently, the percentage of residents identifying as two or more races increased from 1% in 2019 to 7% in 2022.

Despite these demographic shifts and income growth, no new LIHTC projects have been developed in the last decade. This could be attributed to various factors, including changes in local housing policies, shifts in funding priorities, or the possibility that existing affordable housing stock was deemed sufficient to meet the neighborhood's needs.

Lakewood Heights presents an intriguing case study in affordable housing. The neighborhood has two LIHTC projects dating back to 2003, yet the reported data shows zero units, necessitating further investigation. The neighborhood has experienced significant population growth and income increases over the past decade, along with subtle shifts in racial composition. Despite these changes, no new LIHTC projects have been developed since 2003. This analysis highlights the complexity of affordable housing dynamics and the need for comprehensive, up-to-date data to fully understand and address a neighborhood's housing needs.