Loading Content...
Affordable Housing Analysis in Zip Code 60169: Poplar Creek Village's Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 60169, located in Hoffman Estates, Illinois, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 121 total units, with 9 designated as low-income units. Based on the 2022 population of 32,199 and an estimated 12,337 housing units, the LIHTC funded affordable housing comprises approximately 0.98% of the zip code's estimated housing inventory.
The LIHTC program has allocated $1,020,000 in tax credits to zip code 60169 for affordable housing development. This equates to an average federal funding of about $8,430 per unit. Zip code 60169 accounts for 0.13% of the total LIHTC funding in Illinois.
The affordable housing in this zip code is represented by a single project, Poplar Creek Village, completed in 2006. This project has provided affordable housing options for over 15 years. Poplar Creek Village offers a mix of unit types, with 82 one-bedroom units and 39 two-bedroom units. This distribution indicates a focus on accommodating smaller households and families.
Over the past decade, zip code 60169 has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 31,890 in 2013 to 32,199 in 2022. The median income has shown a steady upward trend, rising from $79,680 in 2013 to $83,564 in 2022.
Racial distribution in zip code 60169 has evolved. The Asian population increased from 21% in 2013 to 24% in 2022, while the Hispanic population grew from 19% to 23%. The white population decreased from 51% to 44% during this period. These changes reflect growing diversity in the area.
Despite these demographic shifts, no new LIHTC projects have been developed in zip code 60169 in the last decade. This may be due to various factors, including the area's relatively high median income, which may indicate lower demand for additional affordable housing units.
Zip code 60169 in Hoffman Estates, Illinois, has a modest LIHTC funded affordable housing presence, with one project providing 121 units. This represents a small portion of the estimated housing inventory but has been a consistent part of the community since 2006. The area has experienced demographic changes, including income growth and increased racial diversity, over the past decade. However, these changes have not led to additional LIHTC developments, possibly due to the area's economic characteristics.
