Over the past decade, zip code 34772 has experienced significant population growth, increasing from 21,456 in 2013 to 33,613 in 2022. This represents a 56.7% increase in population. Concurrently, the median income has risen from $60,574 in 2013 to $69,208 in 2022, showing a 14.3% increase.

The racial composition of the area has also shifted notably. The Hispanic population has grown from 29% in 2013 to 47% in 2022, becoming the largest ethnic group. Conversely, the white population has decreased from 62% to 42% during the same period. The Black population has remained relatively stable, ranging between 4-7% over the decade.

Despite the substantial population growth and changes in demographic composition, there have been no new LIHTC projects in zip code 34772 since 2001. This could suggest that other affordable housing initiatives or market-rate housing have been meeting the area's needs, or that there may be a growing demand for affordable housing that is not currently being addressed through the LIHTC program.

Zip code 34772 in St. Cloud, Florida, has two LIHTC-funded affordable housing projects totaling 226 units, all of which are designated as low-income. These projects, completed in 1999 and 2001, represent about 1.75% of the estimated housing inventory. The area has experienced significant population growth and demographic shifts over the past decade, with a notable increase in the Hispanic population and median income. Despite these changes, no new LIHTC projects have been developed since 2001, which may warrant further investigation into the current affordable housing needs of this rapidly growing and changing community.