The LIHTC-funded project in zip code 37215 primarily consists of one-bedroom units, with 53 such units available. There are also 7 three-bedroom units, providing options for larger households. The project lacks efficiencies, two-bedroom, and four-bedroom units, suggesting a focus on accommodating smaller households and some families.

Over the past decade, zip code 37215 has experienced steady population growth, increasing from 21,755 in 2010 to 24,398 in 2022. The median income has fluctuated but remained high, reaching $133,596 in 2022. This high median income may explain the limited number of LIHTC projects in the area.

Racial demographics in zip code 37215 have shown shifts, with the white population decreasing from 93% in 2014 to 86% in 2022. The Asian population has increased notably, rising from 1% in 2014 to 5% in 2022. The Black and Hispanic populations have remained relatively stable at around 2-3% each. The increasing diversity in the area could potentially influence future affordable housing needs.

Zip code 37215 in Forest Hills, Tennessee, has one LIHTC-funded affordable housing project, Ryman Lofts At Rolling Mill Hill, completed in 2012. This project provides 60 units, with 6 designated as low-income units. The area has experienced steady population growth and maintains a high median income, which may explain the limited LIHTC presence. While racial demographics are changing, with increasing diversity, the overall high income levels in zip code 37215 likely influence the current affordable housing landscape. The LIHTC program's investment in this area, while modest, contributes to addressing affordable housing needs in a predominantly affluent community.