The 1990s saw the most affordable housing activity, with three projects completed: Prestwick Square Apartments (1991), Cedar Cliff Apartments (1996), and Village Apartments of Richmond (1999). The early 2000s continued development with Starr Senior Apartments (2000) and Adam H Bartel Senior Housing (2004).

The LIHTC-funded housing in Richmond offers various unit types. Of the 273 total units, there is 1 efficiency, 21 one-bedroom units, 136 two-bedroom units, and 61 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized households.

Richmond's population has slightly declined, from 43,500 in 2013 to 42,670 in 2022. However, the median income has increased from $37,959 in 2013 to $48,702 in 2022, suggesting improved economic conditions. The racial composition has remained relatively stable, with a slight decrease in the white population from 84% to 82% and small increases in Asian and Hispanic populations.

Richmond's LIHTC-funded affordable housing inventory represents a consistent effort to provide affordable options over the past three decades. The city has effectively leveraged federal funding, creating diverse units for different household sizes. Despite a slight population decline, the rising median income suggests changing economic dynamics that may influence future affordable housing needs. The stable racial composition indicates that the city's affordable housing initiatives have operated within a relatively consistent demographic context.