The LIHTC-funded projects in Statesville offer a diverse range of unit types. Out of the 526 total units, there are 130 one-bedroom, 251 two-bedroom, 87 three-bedroom, and 12 four-bedroom units. This distribution suggests a focus on accommodating various family sizes and household compositions.

Over the past decade, Statesville's population has grown steadily, increasing from 47,879 in 2017 to 52,584 in 2022, representing a 9.8% growth. This population increase may have contributed to the need for additional affordable housing units, as evidenced by the recent LIHTC projects completed in 2020.

The median income in Statesville has also seen an upward trend, rising from $46,972 in 2017 to $51,174 in 2022. Despite this increase, the continued development of affordable housing suggests an ongoing need for low-income options in the face of rising living costs.

Racial demographics in Statesville have remained relatively stable over the past decade, with a slight decrease in the Black population (from 25% in 2017 to 21% in 2022) and an increase in the Hispanic population (from 10% to 15% in the same period). The White population has remained consistent at around 60%. These demographic shifts may influence future affordable housing needs and targeted developments.

Statesville's LIHTC-funded affordable housing inventory represents a small but important portion of the city's housing stock. With a long history of affordable housing development spanning over three decades, the city has consistently worked to provide diverse housing options for its low-income residents. The recent completion of LIHTC projects, coupled with population growth and changing demographics, suggests an ongoing commitment to addressing affordable housing needs in Statesville. While the current LIHTC inventory covers a modest percentage of the city's estimated housing units, it plays a crucial role in providing affordable options for the community.