The affordable housing inventory in 60007 consists primarily of efficiency and one-bedroom units. There are 114 efficiencies, 78 one-bedroom units, and 2 two-bedroom units. This unit mix suggests a focus on housing for individuals or small households.

Over the past decade, the population in zip code 60007 has remained relatively stable, with a slight decrease from 33,636 in 2015 to 32,416 in 2022. During this period, the median income has increased significantly, rising from $80,587 in 2015 to $90,775 in 2022, representing a 12.6% increase.

The racial composition of the area has seen some changes. The white population has decreased from 75% in 2015 to 68% in 2022, while the Hispanic population has increased from 11% to 17%. The Asian population has remained relatively stable at around 11-12%.

Despite these demographic shifts and income growth, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including limited available land, changes in local housing priorities, or the perception that the existing affordable housing stock is sufficient for current needs.

Zip code 60007 has a modest LIHTC-funded affordable housing inventory, covering about 1.56% of the estimated housing stock. The area received a small portion of Illinois' LIHTC funding, with projects developed between 1998 and 2004. The housing units are predominantly efficiencies and one-bedrooms, suggesting a focus on smaller households. While the area has experienced income growth and some demographic shifts in the past decade, no new LIHTC projects have been developed during this time. This analysis provides an objective view of the LIHTC-funded affordable housing landscape in zip code 60007, recognizing that other programs may also contribute to the overall affordable housing inventory in the area.