Over the past decade, Shawnee's population has been steadily declining, from 11,857 in 2014 to 10,420 in 2022. Despite this population decrease, the median income has shown some fluctuation but overall growth, rising from $29,711 in 2014 to $30,889 in 2022. This suggests a slight improvement in the economic conditions of the remaining residents.

The racial composition of Shawnee has remained relatively stable over the past decade. The neighborhood is predominantly Black, with this demographic consistently representing around 90% of the population. The White population has remained steady at about 7-8%, while other racial groups make up small percentages of the community.

The lack of new LIHTC projects in the last decade could be related to the declining population, which might indicate reduced housing demand overall. However, the persistent income levels below the area median suggest that affordable housing needs may still exist in the community.

Shawnee's LIHTC-funded affordable housing inventory, while small, has been a consistent part of the neighborhood for over 30 years. The 18 low-income units spread across three projects contribute to the diversity of housing options in the area. Despite a declining population, the neighborhood's median income has shown slight improvement, though it remains at levels where affordable housing could be beneficial to many residents. The racial composition of Shawnee has remained stable, with a predominantly Black population. While LIHTC projects cover only a small percentage of the estimated housing inventory, they play a role in providing affordable options in this Louisville neighborhood.