The 1980s and 1990s saw the most affordable housing projects completed, with two projects in each decade. The 2000s also saw two projects completed. The LIHTC-funded housing inventory in Spring Hill includes a total of 114 units, comprising 24 efficiencies, 37 one-bedroom units, 45 two-bedroom units, and 8 three-bedroom units.

Over the past decade, Spring Hill has experienced significant population growth, increasing from 7,836 in 2017 to 10,636 in 2022. The median income has fluctuated, reaching a peak of $102,455 in 2021 before decreasing to $87,468 in 2022. The racial composition of the city has remained relatively stable, with a slight increase in diversity. The white population decreased from 92% in 2016 to 93% in 2022, while the Hispanic population increased from 3% to 3% during the same period.

Despite the population growth, no new LIHTC projects have been completed in the last decade. This could be due to the relatively high median income in the area, which may indicate a lower need for affordable housing compared to other parts of the state.

Spring Hill's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has seen a consistent development of affordable housing projects from 1988 to 2002, with a focus on various unit sizes to accommodate different household needs. While the population has grown significantly in recent years, the lack of new LIHTC projects in the past decade may be attributed to the city's relatively high median income. The analysis highlights the importance of continuously assessing affordable housing needs in relation to demographic changes and economic factors.