Franklinton, North Carolina, a town with a population of 6,211 as of 2022, has 122 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This inventory represents approximately 5.1% of the town's estimated 2,380 housing units. The LIHTC program has provided $623,910 in project tax credits to Franklinton, averaging $311,955 per project and $5,114 per unit. Franklinton's share of the total state LIHTC funding for North Carolina is 0.14%.

The LIHTC-funded housing in Franklinton consists of 22 one-bedroom units, 68 two-bedroom units, and 32 three-bedroom units, indicating a focus on small to medium-sized families. Two notable projects in the town are Winston Place, completed in 2008, and Sterling Mill Lofts, demonstrating the development of affordable housing over at least a decade.

Franklinton's population has fluctuated over the past decade, peaking at 6,722 in 2019 before declining to 6,211 in 2022. The median income has increased from $39,764 in 2013 to $45,011 in 2022, suggesting slow but steady economic improvement. Racial demographics have shifted, with the white population increasing from 46% in 2019 to 60% in 2022, while the Black population decreased from 37% to 30%. The Hispanic population also decreased from 11% to 6% during this period.