The Fan's affordable housing inventory offers a variety of unit types to accommodate different household sizes. The neighborhood provides 151 one-bedroom units, 53 two-bedroom units, and 18 three-bedroom units. This distribution indicates a focus on housing for individuals, couples, and small families.

Demographic shifts have occurred in The Fan over the past decade. The population has remained relatively stable, decreasing slightly from 13,696 in 2014 to 13,383 in 2022. However, the median income has increased significantly, rising from $47,835 in 2014 to $79,309 in 2022, suggesting a trend towards gentrification.

Racial demographics have remained relatively consistent. The Black population decreased slightly from 12% in 2014 to 10% in 2022, while the Hispanic population increased from 3% to 5% during the same period. The White population has maintained a majority at approximately 80% throughout the decade.

The absence of new LIHTC projects since 2016 may be attributed to the rising median income and the relatively stable racial demographics, indicating that the existing affordable housing stock may be meeting current needs.

The Fan neighborhood in Richmond, Virginia, has a substantial LIHTC-funded affordable housing inventory, comprising about 10.1% of its estimated housing stock. Most of these projects were developed in the 1990s and early 2000s, with the most recent addition in 2016. The neighborhood offers various unit types, primarily one and two-bedroom apartments, serving diverse household sizes. While the population has remained stable over the past decade, the significant increase in median income suggests ongoing gentrification pressures, emphasizing the continued importance of preserving and potentially expanding affordable housing options in The Fan.