The LIHTC-funded housing inventory in this zip code consists of 42 total units, including 4 one-bedroom units and 2 two-bedroom units. The remaining 36 units are not specified in the available data.

Over the past decade, the zip code has experienced steady population growth, increasing from 19,972 in 2014 to 22,852 in 2022. The median income has also shown an overall upward trend, rising from $53,952 in 2014 to $61,988 in 2022, with some fluctuations in between.

Regarding racial demographics, the area has maintained a predominantly white population, though there has been a slight decrease from 79% in 2014 to 77% in 2022. The Black population has remained relatively stable at 13% during the same period. There has been a small increase in the Hispanic population, growing from 3% to 5% between 2014 and 2022.

Despite these demographic changes, there have been no new LIHTC projects in the area since 1990. This could suggest that other affordable housing programs may be addressing the needs of the low-income population, or that the existing LIHTC project continues to meet the area's affordable housing requirements.

The zip code 28120 in Mount Holly, North Carolina, has a single LIHTC-funded affordable housing project, Woodridge Apartments, which was completed in 1990. This project provides 42 low-income units, representing a small fraction (0.48%) of the estimated total housing stock in the area. The zip code has experienced moderate population growth and increasing median income over the past decade, with slight shifts in racial demographics. While no new LIHTC projects have been developed since 1990, the area's changing demographics and economic conditions may warrant ongoing assessment of affordable housing needs.