Affordable housing has been consistently developed in this ZIP code for over a decade. The earliest recorded LIHTC project, Tres Palmas, was completed in 2010, while the most recent projects, River Palms and South Homestead Palms, were finished in 2018. The mid-2010s saw the most activity, with projects such as Eastside Crossings (2014), Montana Vista Palms (2015), and Homestead Palms (2016) being completed.

The LIHTC-funded housing in ZIP code 79938 offers a variety of unit types, including 8 one-bedroom units, 120 two-bedroom units, 128 three-bedroom units, and 16 four-bedroom units. This diverse mix suggests an effort to accommodate various household sizes and needs.

Demographic trends over the past decade reveal correlations with LIHTC development. The population grew from 44,452 in 2010 to 81,347 in 2022, an increase of over 80%. This rapid population growth may have driven the need for more affordable housing options.

Median income in the ZIP code has fluctuated, reaching $71,919 in 2021 before decreasing to $60,758 in 2022. This recent decline in median income could indicate an increased need for affordable housing options in the near future.

The racial composition of ZIP code 79938 has remained relatively stable, with a predominantly Hispanic population (around 83-84% throughout the decade). This consistency suggests that LIHTC projects have been developed in response to the needs of a stable community demographic.

In conclusion, ZIP code 79938 has experienced steady development of LIHTC-funded affordable housing over the past decade, coinciding with rapid population growth. While the current affordable housing stock covers a small percentage of the estimated housing inventory, the consistent development of new projects indicates ongoing efforts to address affordable housing needs in this growing community.