The 2010s saw the most affordable housing activity in zip code 32408, with both projects being completed during this decade. The inventory includes a mix of unit types, with 2 one-bedroom, 51 two-bedroom, 51 three-bedroom, and 6 four-bedroom units. This distribution suggests an emphasis on accommodating families of various sizes within the affordable housing stock.

Over the past decade, Upper Grand Lagoon has experienced demographic shifts. The population has grown from 15,341 in 2015 to 19,199 in 2022, an increase of about 25%. The median income has risen from $57,206 in 2015 to $66,835 in 2022, reflecting a 16.8% increase.

Racial demographics have also changed, with the white population decreasing from 92% in 2015 to 84% in 2022. The Hispanic population has grown from 3% to 6%, and the Black population has increased from 2% to 5% during this period.

The completion of the Pelican Pointe project in 2018 aligns with these demographic changes, potentially responding to the growing population and increased diversity in the area. The rising median income might suggest a need for continued affordable housing development to ensure housing remains accessible to lower-income residents.

Upper Grand Lagoon's zip code 32408 has a LIHTC funded affordable housing inventory covering 2.47% of the estimated housing stock. The area has seen two LIHTC projects completed between 2011 and 2018, with a total investment of $702,810 in tax credits. The housing mix caters to various family sizes, with a focus on two and three-bedroom units. Demographic trends over the past decade show population growth, increasing median income, and growing diversity, which may influence future affordable housing needs in the area.