The River Run Apartments, completed in 2005, stands out as a notable LIHTC project in the neighborhood. This development marked the introduction of LIHTC-funded affordable housing in Sheridan, providing 74 low-income units to the community. The project's unit distribution includes 12 one-bedroom, 45 two-bedroom, and 17 three-bedroom apartments, offering a range of options for different household sizes.

Over the past decade, Sheridan's population has remained relatively stable, fluctuating between 2,600 and 2,900 residents. The median income has shown an overall upward trend, rising from $50,593 in 2013 to $67,171 in 2022, with some fluctuations in between. This increase in median income might suggest a changing economic landscape in the neighborhood.

Racial demographics have remained fairly consistent, with the white population comprising the majority (around 75% in 2022). The Black population has fluctuated between 9% and 15% over the past decade, while other racial groups have maintained relatively stable proportions. The Hispanic population has ranged from 2% to 7% during this period.

The stability in population and the gradual increase in median income, coupled with the consistent racial composition, suggest that the affordable housing needs in Sheridan may have remained relatively constant since the completion of the River Run Apartments in 2005.

Sheridan's LIHTC-funded affordable housing inventory, centered around the River Run Apartments, provides an important contribution to the neighborhood's housing options. While it covers about 6.8% of the estimated housing stock, there may be additional need for affordable housing in the area. The neighborhood has experienced relative stability in population and gradual income growth over the past decade, which may influence future affordable housing needs. The diverse unit mix in the existing LIHTC project caters to various household sizes, supporting a range of low-income residents in the community.