Over the past decade, zip code 27209 has experienced demographic shifts that may correlate with the introduction of LIHTC-funded housing. The population has remained relatively stable, fluctuating between approximately 3,900 and 4,600 residents.

Median income in the area has shown an overall upward trend, increasing from $29,176 in 2013 to $41,279 in 2022, with fluctuations in between. This increase in median income may indicate a growing need for affordable housing options to support lower-income residents who might face increased housing costs.

Racial demographics have also shifted over the past decade. The Hispanic population has grown from 26% in 2013 to 42% in 2022. Conversely, the white population has decreased from 57% to 43% during the same period. The black population has remained relatively stable at around 12-15%. These demographic changes may have influenced the decision to introduce LIHTC-funded housing in the area to support a diverse and changing community.

Zip code 27209 in Biscoe, North Carolina, has seen the introduction of LIHTC-funded affordable housing through the Emerald Forest Apartments project in 2014. This development provides 48 low-income units, representing about 2.72% of the estimated housing inventory in the area. The project received federal funding, accounting for 0.09% of North Carolina's total LIHTC allocation.

Over the past decade, the area has experienced demographic shifts, including an increase in median income and a growing Hispanic population. These changes may have influenced the need for affordable housing options in the community. The LIHTC-funded housing provides a resource for low-income residents in this evolving community.