The 1990s saw the most significant development of LIHTC-funded housing in Preston Hollow. Notable projects from this era include Manor On The Park (1992), Cornerstone Chase Apts and Pines Point (both 1994), and Sierra Vista Apts and Trails Redevelopment (both 1995).

The affordable housing inventory in Preston Hollow is diverse, consisting of 55 efficiencies, 660 one-bedroom units, 495 two-bedroom units, and 24 three-bedroom units. This distribution suggests a focus on smaller household sizes, with a majority of units (51.7%) being one-bedroom apartments.

Over the past decade, Preston Hollow has experienced some demographic shifts. The population has remained relatively stable, with a slight increase from 93,747 in 2016 to 94,249 in 2022. Median income has risen from $77,739 in 2016 to $86,646 in 2022, indicating a growing affluence in the neighborhood.

Racial demographics have also shifted. The Hispanic population has increased from 43% in 2016 to 49% in 2022, while the White population has decreased from 49% to 39% over the same period. The Asian population has grown from 3% to 5%, and the Black population has increased slightly from 3% to 4%.

Despite these demographic changes, no new LIHTC projects have been recorded in the last decade. This could be due to various factors, including the neighborhood's rising median income or potential land scarcity for new developments.

Preston Hollow's LIHTC-funded affordable housing inventory, while significant in absolute numbers, covers a relatively small percentage of the neighborhood's estimated housing stock. The majority of these units were developed in the 1990s, with a focus on smaller apartments. Despite recent demographic changes, including population growth and increasing diversity, there hasn't been recorded LIHTC development in the past decade. This analysis provides a snapshot of the neighborhood's affordable housing landscape, highlighting the long-standing presence of LIHTC-funded units in an area known for its affluence.