The LIHTC funded projects in zip code 28801 offer a diverse range of housing options. Out of the 931 total units, there are 58 efficiencies, 381 one-bedroom units, 180 two-bedroom units, 79 three-bedroom units, and 12 four-bedroom units. This variety caters to different household sizes and needs within the community.

Over the past decade, the population of zip code 28801 has remained relatively stable, fluctuating between 12,600 and 13,300 residents. The median income has shown a general upward trend, increasing from $32,184 in 2013 to $41,647 in 2022. This rise in median income might indicate a growing need for affordable housing options to maintain economic diversity in the area.

Racial demographics in zip code 28801 have remained fairly consistent, with the white population comprising about 70% of residents in recent years. There has been a slight decrease in the Black population, from 27% in 2013 to 21% in 2022, while the Hispanic population has held steady at around 2-3%. The stability in racial demographics suggests that the LIHTC projects have been consistently serving a diverse community.

Zip code 28801 in Asheville demonstrates a substantial commitment to affordable housing through LIHTC funding. With nearly 20% of its estimated housing stock dedicated to affordable units, the area appears to be meeting the target for a well-balanced community. The long-term investment in LIHTC projects, spanning three decades, shows a sustained effort to provide affordable housing options. The diverse unit types available cater to various household sizes and needs. The rising median income underscores the ongoing importance of maintaining affordable housing options in this zip code to ensure economic diversity and housing accessibility for all residents.