The Woodlands, Texas, a master-planned community, contains 1,119 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects. Of these, 822 are designated as low-income units. This represents approximately 2.47% of the city's estimated 45,199 housing units. The LIHTC program has allocated $1,058,943 in project tax credits to The Woodlands, averaging $151,277 per project and $946 per unit across approximately 7 projects. This funding constitutes 0.91% of Texas's total LIHTC allocation.

The earliest recorded LIHTC project in The Woodlands, Timber Mill, was completed in 1995. The most recent completion, Copperwood Apts, occurred in 2006, indicating at least 11 years of affordable housing presence in the city. The LIHTC-funded inventory comprises 484 one-bedroom units, 372 two-bedroom units, and 72 three-bedroom units, suggesting a focus on smaller households and families.

The Woodlands's population reached 117,970 in 2022, with a median income of $137,335, representing a significant increase from previous years. The high median income may explain the relatively low percentage of LIHTC-funded affordable housing. The 2022 racial distribution shows a predominantly white population (62%), followed by Hispanic (23%) and Asian (8%) residents, indicating a need for culturally sensitive affordable housing development.