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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 28210 in Charlotte, North Carolina, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 204 low-income units out of 288 total LIHTC-funded units. Based on the 2022 population of 45,264 and an estimated 17,343 housing units, LIHTC-funded affordable housing comprises approximately 1.66% of the estimated housing inventory in this zip code.
LIHTC projects in zip code 28210 have received $1,139,468 in tax credits, averaging about $3,956 per LIHTC-funded unit. This funding represents 0.26% of the total LIHTC allocation for North Carolina, indicating a modest investment in affordable housing for this area.
The affordable housing presence in this zip code spans from 2008 to 2013, with three projects: Springcroft (2008), Ashley Park (2010), and Parktowne Terrace II (2013). The 2010s saw the most LIHTC development activity in this area, with two out of three projects completed during this decade.
The LIHTC-funded housing stock in zip code 28210 offers a range of unit types. It includes 131 efficiencies, 43 one-bedroom units, 105 two-bedroom units, and 9 three-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Zip code 28210 has experienced population fluctuations over the past decade, with overall growth from 41,443 in 2013 to 45,264 in 2022. The median income has shown an upward trend, increasing from $72,807 in 2013 to $87,057 in 2022. This income growth may have influenced the demand for affordable housing in the area.
Racial demographics in zip code 28210 have remained relatively stable, with a slight decrease in the white population from 65% in 2013 to 64% in 2022, and small increases in Hispanic and Black populations. The Asian population has remained constant at around 3-4%. These demographic shifts, although minor, could indicate a growing diversity that may benefit from affordable housing options.
Zip code 28210 in Charlotte has a modest LIHTC-funded affordable housing presence, with 288 total units, including 204 low-income units. The area has seen LIHTC development activity from 2008 to 2013, with the most recent project completed in 2013. While the affordable housing stock represents a small percentage of the estimated total housing units, it provides a variety of unit types to meet different needs. The zip code has experienced population growth and rising median incomes over the past decade, which may influence future affordable housing needs in the area.