The 2000s saw a surge in affordable housing development, with notable projects such as Arrowood Villas, First Ward Place II, and Trinity Community Apartments. The inventory includes a diverse mix of unit types, with 153 efficiencies, 2,387 one-bedroom units, 3,902 two-bedroom units, 1,756 three-bedroom units, and 74 four-bedroom units, catering to various household sizes and needs.

Charlotte's population has grown steadily over the past decade, increasing from 792,849 in 2013 to 897,720 in 2022, a 13.2% growth. This indicates a rising demand for housing, including affordable options. Median income has also increased significantly, from $51,034 in 2013 to $74,401 in 2022, a 45.8% increase. Despite this overall income growth, the continued development of LIHTC projects suggests a persistent need for affordable housing options.

The racial demographics of Charlotte have remained relatively stable, with a slight decrease in the white population (from 43% in 2013 to 40% in 2022) and small increases in Hispanic (14% to 16%) and Asian (5% to 6%) populations. The Black population has remained steady at around 34-35%. This diversity underscores the importance of providing affordable housing options accessible to various communities.

Charlotte's LIHTC-funded affordable housing inventory plays a crucial role in addressing the city's housing needs, though it represents a small portion of the overall housing stock. The city has consistently utilized LIHTC funding over the past three and a half decades, with a notable concentration of development in the 2000s. Despite rising median incomes, the ongoing construction of affordable housing projects indicates a continued demand for such units. The diverse unit mix caters to various household sizes, reflecting the city's commitment to providing affordable options for different demographic groups. As Charlotte continues to grow and evolve, monitoring and addressing affordable housing needs will remain essential for maintaining a balanced and inclusive urban environment.