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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 60106, located in Bensenville, Illinois, has a population of 20,150 as of 2022. This area is home to one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 228 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 7,720 units, the LIHTC funded affordable housing covers approximately 2.95% of the zip code's housing stock.
The LIHTC project in this zip code received $397,029 in tax credits, averaging $1,741 in federal funding per unit. This funding represents 0.05% of the total state LIHTC allocation, indicating a relatively small share of Illinois' affordable housing investment in this area.
The sole LIHTC project in the zip code, Anchor Senior Living, was completed in 2006. This development has been providing affordable housing options in the area for over 15 years. The project consists of 228 units, including 2 efficiencies, 202 one-bedroom units, and 6 two-bedroom units, primarily catering to smaller household sizes.
Over the past decade, the population in zip code 60106 has remained relatively stable, fluctuating between 19,698 and 20,318 residents. The median income has shown a gradual increase, rising from $66,030 in 2018 to $70,021 in 2022, suggesting a slight improvement in the economic conditions of the area.
The racial composition of the zip code has experienced some shifts. The Hispanic population, which represents the largest minority group, has decreased slightly from 47% in 2018 to 43% in 2022. Conversely, the Black population has seen a modest increase from 3% to 6% during the same period. The White population has remained relatively stable at around 45-46% of the total population.
These demographic trends, particularly the stable population and gradually increasing median income, may partially explain why no additional LIHTC projects have been developed in the area since 2006. However, it is important to note that other affordable housing programs not captured in this data may also be serving the community's needs.
Zip code 60106 in Bensenville, Illinois, has one LIHTC funded affordable housing project, Anchor Senior Living, which provides 228 low-income units. This represents about 2.95% of the estimated housing inventory in the area. The project, completed in 2006, received $397,029 in tax credits, averaging $1,741 per unit. While the population has remained stable and median income has slightly increased over the past decade, there have been some shifts in racial composition, with a decrease in the Hispanic population and an increase in the Black population. These demographic trends may influence the need for affordable housing in the area, though it is important to consider that other housing programs may also be contributing to meeting the community's affordable housing needs.