Zip code 37405 in Chattanooga, Tennessee, contains 36 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This inventory represents 0.52% of the estimated 6,987 housing units in the area, based on the 2022 population of 18,236. The LIHTC projects in this zip code have received $218,589 in project tax credits, averaging $6,072 per unit. This funding accounts for 0.05% of Tennessee's total LIHTC allocation.

The first LIHTC project in zip code 37405, Hill City Rental, was completed in 1996. The most recent project, Hill City Terrace, was finished in 2000. Both projects were constructed during the 1990s, each providing 18 units consisting of 4 two-bedroom and 14 three-bedroom units. This unit distribution suggests a focus on accommodating families or larger households.

Over the past decade, zip code 37405 has experienced steady population growth, increasing from 14,931 in 2013 to 18,236 in 2022. The median income has also risen significantly, from $58,070 in 2013 to $70,505 in 2022, indicating an overall improvement in economic conditions. The racial distribution has remained relatively stable, with a slight decrease in the white population (from 88% in 2013 to 83% in 2022) and small increases in Asian, Hispanic, and multi-racial populations. The black population has remained relatively constant at around 5-6%.