The affordable housing inventory in Homewood South consists primarily of one-bedroom and three-bedroom units. There are 29 one-bedroom units, 13 two-bedroom units, and 26 three-bedroom units. This distribution suggests a focus on accommodating both smaller households and families.

Over the past decade, Homewood South has experienced fluctuations in its population, with a slight overall increase from 2,114 in 2010 to 2,182 in 2022. The median income has shown a positive trend, rising from $15,545 in 2013 to $19,966 in 2022, indicating a gradual improvement in economic conditions.

The racial composition of the neighborhood has remained predominantly African American, though there has been a slight decrease from 90% in 2013 to 84% in 2022. Concurrently, there has been a small increase in the white population and those identifying as two or more races.

The completion of two major LIHTC projects in 2014 and 2017 aligns with the period of population growth and income improvement in the neighborhood. This suggests that the affordable housing developments may have contributed to stabilizing the community and potentially attracting new residents.

Homewood South has a significant LIHTC funded affordable housing presence, covering nearly 10% of its estimated housing inventory. The neighborhood has seen consistent development of affordable housing over nearly three decades, with the most recent projects completed in the 2010s. The available units cater to various household sizes, with a mix of one-, two-, and three-bedroom apartments. The demographic trends over the past decade, including population growth and income improvement, coincide with the completion of major LIHTC projects, suggesting a potential positive impact on the community's stability and growth.