Sedona Springs Village offers a mix of unit types to accommodate various household sizes. The project includes 28 one-bedroom units, 38 two-bedroom units, and 34 three-bedroom units. This distribution suggests a focus on housing for small to medium-sized families.

Over the past decade, zip code 79764 has experienced significant population growth, increasing from 20,391 in 2010 to 26,541 in 2022. This represents a 30% increase in population. Concurrently, the median income has risen from $50,574 in 2013 to $84,575 in 2022, indicating an overall improvement in economic conditions.

The racial demographics have also shifted during this period. The Hispanic population has remained the majority, though its proportion has decreased from 65% in 2020 to 61% in 2022. The white population has increased from 29% to 34% in the same period. Despite these demographic changes and population growth, no new LIHTC projects have been developed in the last decade, possibly due to the rising median income in the area.

Zip code 79764 in West Odessa, Texas, has a modest LIHTC-funded affordable housing inventory, representing about 1% of the estimated housing stock. The single LIHTC project, Sedona Springs Village, has been serving the community since 2006, offering a mix of unit sizes to accommodate diverse household needs. While the area has experienced significant population growth and income increases over the past decade, the LIHTC-funded affordable housing inventory has remained stable. This analysis provides insight into the affordable housing landscape of zip code 79764, highlighting the role of the LIHTC program in supporting housing needs in this growing community.