The LIHTC-funded housing stock in Hickory Ridge-South Riverdale offers a diverse mix of unit sizes to accommodate various household needs. The inventory includes 65 one-bedroom units, 196 two-bedroom units, and 85 three-bedroom units. This distribution suggests a focus on housing for small to medium-sized families.

Over the past decade, Hickory Ridge-South Riverdale has experienced demographic shifts. The population decreased slightly from 76,548 in 2015 to 73,707 in 2022. Despite this population decline, the median income increased from $43,926 in 2015 to $49,354 in 2022, indicating an overall improvement in economic conditions for residents.

The racial composition of the neighborhood has remained relatively stable, with a predominant African American population. The percentage of Black residents increased slightly from 81% in 2015 to 84% in 2022. The Hispanic population increased from 8% to 10% during this period, while the White population decreased from 8% to 5%.

The absence of new LIHTC projects in the last decade could be attributed to the rising median income and the existing affordable housing stock. However, the persistent high percentage of African American residents suggests a continued need for affordable housing options to ensure equitable access to housing for all community members.

Hickory Ridge-South Riverdale's LIHTC-funded affordable housing inventory, while modest in comparison to the overall housing stock, represents a significant investment in addressing low-income housing needs. The neighborhood has seen a diverse range of unit types developed over nearly a decade, with substantial federal funding support. Despite demographic shifts and income improvements, the continued presence of a large minority population underscores the ongoing importance of affordable housing initiatives in this Memphis neighborhood.