Over the past decade, the population in zip code 76020 has grown steadily, increasing from 26,567 in 2013 to 32,474 in 2022. This represents a growth of about 22% over this period. Concurrently, the median income has also risen, from $67,309 in 2013 to $81,662 in 2022, an increase of approximately 21%.

The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 87% in 2013 to 80% in 2022. The Hispanic population has seen a modest increase from 9% to 15% during the same period. These demographic shifts might indicate a growing need for diverse and affordable housing options in the area.

Despite the population growth and income changes, there have not been new LIHTC funded projects completed in the last decade. This could be due to various factors, including changes in funding priorities, land availability, or other housing programs meeting the area's needs.

Zip code 76020 in Briar, Texas, has a small but established LIHTC funded affordable housing inventory, with 64 low-income units across 3 projects. While this represents only about 0.51% of the estimated housing stock, it is important to note that other affordable housing programs may also be present in the area. The zip code has experienced significant population growth and income increases over the past decade, which could potentially influence future affordable housing needs. The racial composition has remained relatively stable, with a slight increase in diversity. As the community continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure a balanced housing market for all residents.