The zip code has experienced demographic changes over the past decade. The population increased from 10,321 in 2015 to 12,281 in 2022. Concurrently, the median income rose from $58,884 in 2015 to $65,465 in 2022, indicating an improvement in economic conditions.

Racial demographics in zip code 28584 have remained relatively stable. The white population decreased slightly from 90% in 2015 to 87% in 2022. The Hispanic population grew from 4% to 6%, and the two or more races category increased from 1% to 5% during this period.

Despite demographic changes, no new LIHTC projects have been developed in the last decade. This may be due to various factors, including the relatively high median income and the possibility of other affordable housing programs addressing the needs of low-income residents in the area.

The LIHTC program has made a modest contribution to affordable housing in zip code 28584. White Oak Manor Apartments, completed in 2001, represents the primary LIHTC investment, providing 40 units of affordable housing. This project has been a consistent presence for over 20 years, despite representing a small percentage of the estimated housing inventory.

Zip code 28584 has experienced population growth and increasing median incomes over the past decade, along with subtle shifts in racial demographics. However, there have been no new LIHTC projects in recent years. This analysis provides an overview of the LIHTC-funded affordable housing landscape in this zip code, illustrating how federal housing programs intersect with local demographic trends.