The LIHTC funded housing in Shelby Forest-Frayser offers a diverse range of unit types. The inventory includes 101 one-bedroom units, 792 two-bedroom units, 238 three-bedroom units, and 43 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.

Over the past decade, Shelby Forest-Frayser has experienced a decline in population, from 39,105 in 2013 to 35,079 in 2022. Despite this decrease, the median income has risen from $28,928 in 2013 to $31,712 in 2022, indicating some economic improvement. The racial composition has remained relatively stable, with an increase in the Black population from 76% in 2013 to 81% in 2022, while the White population decreased from 17% to 13% during the same period.

The lack of new LIHTC projects since 2012 could be attributed to the declining population, which may have reduced the demand for additional affordable housing units. However, the rising median income, while positive, still indicates a need for affordable housing options in the neighborhood.

Shelby Forest-Frayser has a substantial LIHTC funded affordable housing inventory, covering approximately 10.3% of the estimated housing stock. The neighborhood has benefited from consistent affordable housing development over three decades, with a mix of unit types catering to diverse household sizes. While demographic trends show a declining population and slightly rising incomes, the continued presence of LIHTC funded housing plays a crucial role in meeting the community's affordable housing needs. The analysis highlights the long-term commitment to affordable housing in this Memphis neighborhood through the LIHTC program.