The housing inventory in these projects consists of 72 one-bedroom units, 106 two-bedroom units, and 34 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a slight emphasis on two-bedroom apartments.

Over the past decade, the population in zip code 60098 has shown a moderate increase, growing from 35,184 in 2015 to 36,165 in 2022. The median income has also risen significantly, from $73,354 in 2015 to $80,620 in 2022, indicating an overall improvement in economic conditions.

Racial demographics have remained relatively stable, with a slight decrease in the white population from 77% in 2015 to 74% in 2022, and a small increase in the Hispanic population from 17% to 20% during the same period. The Asian and Black populations have remained consistent at around 1-2% each.

The lack of new LIHTC projects in the last decade, despite population growth, could be attributed to the rising median income, which may have reduced the perceived need for additional low-income housing. However, it is important to note that other affordable housing programs not captured in this data may be addressing housing needs in the area.

Zip code 60098 has a modest LIHTC-funded affordable housing inventory, with two projects completed in 2005 providing 212 units. While this represents a small percentage of the estimated housing stock, it is important to consider that other affordable housing programs may also be present. The area has experienced population growth and significant income increases over the past decade, which may have influenced the lack of new LIHTC developments. The existing affordable housing stock offers a range of unit sizes, potentially serving diverse household needs within the community.