The LIHTC-funded projects in zip code 28204 offer a diverse range of unit types. There are 77 one-bedroom units, 57 two-bedroom units, 17 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller households.

Over the past decade, the population in zip code 28204 has grown significantly, from 5,914 in 2013 to 9,746 in 2022. This 64.8% increase in population likely contributed to the need for additional affordable housing options.

Median income in the area has fluctuated, starting at $67,682 in 2013, dipping to $62,377 in 2018, and then rising to $72,680 in 2022. These changes in income levels may have influenced the demand for affordable housing in the area.

Racial demographics have remained relatively stable, with a slight decrease in the white population from 69% in 2013 to 63% in 2022, and a small decrease in the Black population from 25% to 24% during the same period. The Hispanic population has grown from 3% to 6%, potentially indicating a growing need for culturally diverse housing options.

Zip code 28204 in Charlotte has seen steady development of LIHTC-funded affordable housing over the past decade, with projects completed in 2010 and 2018. The area has experienced significant population growth, fluctuating median incomes, and slight shifts in racial demographics. While the LIHTC-funded units represent a small portion of the estimated housing stock, they provide important affordable options for the community, particularly for smaller households. The ongoing investment in affordable housing through the LIHTC program reflects efforts to address the changing needs of this growing and diverse area.