Zip code 60053 in Morton Grove, Illinois, contains 138 affordable housing units, including 75 low-income units, funded by the Low-Income Housing Tax Credit (LIHTC) program. This represents approximately 1.42% of the estimated 9,746 housing units in the area, based on the 2022 population of 25,437. The LIHTC program has invested $363,059 in tax credits for affordable housing projects in this zip code, averaging about $2,631 per unit. This investment accounts for 0.04% of the total LIHTC funding allocated to Illinois.

Affordable housing has been present in zip code 60053 for nearly two decades. The initial LIHTC project, Morton Grove Senior Apts, was completed in 2004, while the most recent, The Homestead At Morton Grove, was finished in 2012. The 2010s experienced the highest level of affordable housing development activity in this zip code. The LIHTC-funded projects in this area provide a mix of unit types, consisting of 41 one-bedroom and 97 two-bedroom units, indicating a focus on accommodating small families and individuals.

Demographic changes in zip code 60053 over the past decade may impact affordable housing needs. The population has increased from 23,465 in 2010 to 25,437 in 2022, suggesting a growing demand for housing. Median income has also risen, from $85,105 in 2013 to $88,461 in 2022. Racial demographics have remained relatively stable, with a slight increase in the Asian population (from 28% in 2013 to 32% in 2022) and a small decrease in the white population (from 58% in 2013 to 55% in 2022). The Hispanic population has seen a minor increase from 6% to 7% during this period.