The 28203 zip code in Charlotte, North Carolina, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 17 units, all designated as low-income units. This area experienced significant population growth, reaching 17,970 residents in 2022. Based on an estimated 6,885 housing units in the zip code, LIHTC funded affordable housing comprises approximately 0.25% of the housing inventory. This percentage indicates that LIHTC funded projects contribute a small portion to the area's overall housing stock.

The LIHTC program invested $766,234 in tax credits for affordable housing projects in this zip code. With 17 total units funded, this equates to an average federal funding of $45,072 per unit. This zip code accounts for 0.18% of the total LIHTC funding allocated to North Carolina. The affordable housing inventory in this zip code consists of 12 efficiency units and 5 one-bedroom units, designed for smaller households. Strawn Tower II, the sole LIHTC project in this area, was completed in 2012, marking the introduction of LIHTC-funded affordable housing in this zip code.

Over the past decade, the zip code experienced substantial population growth, increasing from 11,697 in 2013 to 17,970 in 2022, representing a growth of over 53%. Concurrently, the median income rose from $90,970 in 2013 to $102,523 in 2022, indicating an overall increase in affluence. The racial composition of the area shifted notably. The white population percentage increased from 70% in 2013 to 80% in 2022, while the black population decreased from 22% to 8% during the same period. The Hispanic and Asian populations slightly increased, reaching 5% and 4% respectively by 2022.