Westoaks Apts, completed in 1993, is the only LIHTC-funded project in this zip code. This project has provided affordable housing in the area for nearly three decades. Westoaks Apts consists of 5 units, including 4 two-bedroom units and 1 three-bedroom unit, accommodating various household sizes.

Zip code 27608 has experienced moderate population growth, increasing from 9,691 in 2013 to 10,877 in 2022. The median income has risen significantly, from $111,058 in 2013 to $133,222 in 2022, indicating a trend towards higher-income households in the area.

The racial composition of the zip code has remained predominantly white, with a slight increase in diversity over the years. The percentage of white residents decreased from 88% in 2013 to 90% in 2022, while the Hispanic population increased from 2% to 5% during the same period.

The absence of new LIHTC projects in the last decade may be attributed to the area's rising median income and the relatively small percentage of low-income residents. These demographic trends suggest that the need for additional affordable housing in this specific zip code may have decreased over time.

Zip code 27608 in Raleigh, North Carolina, has a limited LIHTC-funded affordable housing inventory, consisting of one project with 5 units. This accounts for a small fraction of the estimated housing stock in the area. The zip code has experienced population growth and a significant increase in median income over the past decade, potentially reducing the demand for additional affordable housing. The LIHTC program has made a contribution to affordable housing in this zip code, but its impact remains relatively small in relation to the overall housing market.