The LIHTC funded projects in Hanahan consist entirely of two-bedroom units, with all 96 units falling into this category. This suggests a focus on accommodating small families or couples in the city's affordable housing strategy.

Over the last decade, Hanahan has experienced fluctuations in its population. The population peaked in 2019 at 28,807 before decreasing to 24,607 in 2022. Despite these changes, the median income has shown an overall upward trend, rising from $48,404 in 2013 to $61,744 in 2022.

The racial distribution in Hanahan has remained relatively stable over the past decade. The white population has consistently been the majority, ranging from 63% to 68% of the total population. The Black population has slightly decreased from 17% in 2013 to 12% in 2022, while the Hispanic population has seen a small increase from 11% to 14% during the same period.

Despite these demographic changes, there have been no new LIHTC projects in Hanahan in the last decade. This could be attributed to the rising median income, which might indicate a decreased need for additional low-income housing units.

Hanahan's LIHTC funded affordable housing inventory, while modest in size, has been a part of the community for over 30 years. The city's single LIHTC project, Hidden Oaks, provides 96 two-bedroom units, with 88 of these designated for low-income residents. While the city has experienced population fluctuations and a rising median income over the past decade, the racial distribution has remained relatively stable. The lack of new LIHTC projects in recent years may be indicative of changing housing needs in the community, potentially influenced by the increasing median income.