Over the past decade, zip code 79703 has experienced population fluctuations, with a peak of 23,993 residents in 2020 before declining to 21,656 in 2022. Despite these fluctuations, the median income has shown a consistent upward trend, rising from $65,005 in 2013 to $92,007 in 2022. This significant increase in median income may suggest a growing need for affordable housing options to support lower-income residents who may experience financial pressure due to rising living costs.

The racial composition of zip code 79703 has evolved over the past decade. The Hispanic population has remained the largest group, increasing from 52% in 2013 to 57% in 2022. The white population has decreased from 44% to 34% during the same period. The black population has increased from 1% to 5%. These demographic shifts may influence the demand for affordable housing and the types of supportive services needed in LIHTC funded projects.

The analysis of LIHTC funded affordable housing in zip code 79703 reveals a contribution to the area's housing stock, with 543 total units and 391 low-income units. This represents 6.5% of the estimated housing inventory, below the 15-20% target for affordable housing. The zip code has experienced demographic changes over the past decade, including a rising median income and shifts in racial composition, which may impact the demand for affordable housing. The presence of diverse unit types in LIHTC projects indicates an effort to accommodate various household sizes within the low-income population. Monitoring these trends will be important for addressing future affordable housing needs in the area.