The LIHTC-funded housing in zip code 27703 offers a diverse range of unit types. The 616 total units are distributed as follows: 21 efficiencies, 20 one-bedroom units, 233 two-bedroom units, 188 three-bedroom units, and 37 four-bedroom units. This variety accommodates different household sizes and needs within the low-income population.

Zip code 27703 has experienced significant population growth over the past decade, increasing from 47,296 in 2013 to 63,294 in 2022. During this period, the median income has also risen from $60,190 in 2013 to $73,054 in 2022, indicating overall economic improvement.

Racial demographics in zip code 27703 have shifted slightly from 2013 to 2022. The Black population decreased from 47% to 39%, while the White population increased from 28% to 34%. The Hispanic population remained relatively stable at around 18%. The Asian population experienced a notable increase from 2% to 6% during this period.

Despite these demographic changes and the absence of new LIHTC projects since 2008, the existing affordable housing stock continues to play a crucial role in the community of zip code 27703. The rising median income and changing racial composition suggest evolving housing needs that may require future reassessment of affordable housing strategies in this zip code.

Zip code 27703 in Durham, North Carolina, has an established foundation of LIHTC-funded affordable housing, covering about 2.54% of its estimated housing inventory. The area has received a significant portion of state LIHTC funding, demonstrating a commitment to affordable housing. While no new LIHTC projects have been developed since 2008, the existing diverse range of unit types continues to serve the community. The zip code's changing demographics, including population growth and shifts in racial composition, suggest an evolving landscape that may influence future affordable housing needs and strategies.