The LIHTC-funded housing stock in zip code 28803 offers various unit types. The inventory includes 75 efficiencies, 228 one-bedroom units, 155 two-bedroom units, 54 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on smaller households, with a significant number of units suitable for individuals or couples.

The zip code has experienced steady population growth, increasing from 29,391 in 2013 to 32,696 in 2022, an 11.2% growth. The median income has also risen, from $54,702 in 2013 to $62,091 in 2022, a 13.5% increase. Despite this growth, the continued development of LIHTC projects suggests an ongoing need for affordable housing options.

Racial demographics have remained relatively stable, with the white population consistently representing approximately 78-80% of the total. There has been a slight increase in diversity, with small growth in Asian and Hispanic populations. This demographic stability, coupled with population growth, may have influenced the steady development of LIHTC projects in the area.

Zip code 28803 in Asheville demonstrates a consistent commitment to affordable housing through the LIHTC program. With 514 total units, including 217 low-income units, the program has made a significant contribution to the area's housing inventory. The variety of unit types and the span of development from 2001 to 2016 indicate an effort to meet diverse housing needs over time. While the LIHTC-funded units represent a small portion of the estimated housing stock, they play a crucial role in providing affordable options in an area that has seen both population and income growth over the past decade.