Over the past decade, the Central neighborhood has experienced significant demographic shifts. The population has grown from 5,792 in 2015 to 7,021 in 2022, a 21% increase. During this same period, the median income has more than doubled, rising from $37,258 in 2015 to $78,766 in 2022. This substantial income growth may explain why no new LIHTC projects have been initiated since 2019, as the neighborhood's overall economic profile has improved.

Racial demographics have also shifted notably. The Black population decreased from 48% in 2015 to 33% in 2022, while the White population increased from 43% to 49%. The Asian population grew from 1% to 5%, and those identifying as two or more races increased from 1% to 6%. These changes reflect a trend towards greater racial diversity in the neighborhood.

The Central neighborhood in Raleigh has a well-established affordable housing inventory supported by the LIHTC program, with projects spanning from 1990 to 2019. The current LIHTC-funded units cover about 13.7% of the estimated housing stock, approaching the target range for a well-balanced community. The neighborhood has experienced significant population growth, income increases, and racial demographic shifts over the past decade. While no new LIHTC projects have been initiated recently, the existing affordable housing continues to play a crucial role in maintaining housing diversity in an area that has seen substantial economic growth.