Over the past decade, the population in zip code 28117 has grown from 35,441 in 2015 to 46,205 in 2022. This represents a 30% increase in population. During this same period, the median income has risen from $96,589 in 2015 to $104,114 in 2022, indicating a growing affluence in the area.

The racial composition of zip code 28117 has remained relatively stable, with a decrease in the white population from 87% in 2015 to 80% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations.

Despite the population growth and increasing median income, there have been no new LIHTC funded projects in zip code 28117 in the last decade. This could be due to the relatively high median income in the area, which may reduce the perceived need for additional affordable housing units.

Zip code 28117 has a single LIHTC funded affordable housing project, Colonial Ridge, which has been serving the community since 2005. While this project provides 8 low-income units, it represents a small fraction of the estimated housing inventory in the area. The zip code has experienced significant population growth and increasing median income over the past decade, which may have influenced the lack of new LIHTC funded projects in recent years. The demographic trends suggest a growing, affluent community with slight increases in diversity.