Over the past decade, Coral Springs has experienced moderate population growth, increasing from 121,492 in 2010 to 133,365 in 2022. The median income has also risen significantly, from $61,129 in 2013 to $85,570 in 2022, suggesting an overall improvement in economic conditions for residents.

The racial composition of Coral Springs has become more diverse over time. The white population decreased from 47% in 2013 to 34% in 2022, while the Hispanic population increased from 25% to 28%. The Black population remained relatively stable at around 24%. The Asian population saw a notable increase from 4% to 8% during this period.

The introduction of the LIHTC project in 2019 coincides with these demographic shifts, potentially responding to the changing needs of a more diverse population and addressing affordability concerns in a city with rising incomes.

Coral Springs' LIHTC funded affordable housing inventory is characterized by a single, recent project that provides a small but significant contribution to the city's housing stock. The project primarily offers smaller units, reflecting a specific housing need in the community. While the LIHTC investment represents a small portion of the state's overall funding, it marks an important step in addressing affordable housing needs in a city experiencing demographic changes and rising incomes. The recent nature of this development suggests that Coral Springs may be in the early stages of expanding its affordable housing options through the LIHTC program.