Carrollton has experienced demographic changes over the past decade that may influence affordable housing needs. The city's population increased from 119,759 in 2010 to 133,240 in 2022. Concurrently, the median income rose from $64,188 in 2013 to $92,734 in 2022.

The racial composition of Carrollton has remained diverse. As of 2022, the population was approximately 41% White, 25% Hispanic, 18% Asian, and 11% Black, with small percentages of other racial groups. This diversity indicates a need for affordable housing options that can accommodate various cultural backgrounds and family structures.

The most recent LIHTC project in Carrollton was completed in 2015. The absence of new LIHTC developments since then may be partially attributed to the rising median income in subsequent years, potentially indicating an improvement in the overall economic situation of residents.

Carrollton's LIHTC program has made a notable contribution to the city's affordable housing inventory, with 697 low-income units across approximately 4 projects. These developments, spanning two decades, demonstrate a sustained effort to provide affordable housing options. The diverse mix of unit types suggests an attempt to meet varied housing needs within the low-income population.

While the percentage of LIHTC-funded units relative to the estimated total housing stock is modest, it is important to note that this program is just one component of affordable housing provision. Carrollton's growing population and increasing median income over the past decade may have influenced the demand for and development of affordable housing. As the city continues to evolve demographically, ongoing assessment of affordable housing needs will be crucial to ensure that all residents have access to suitable housing options.