Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 60185, located in West Chicago, Illinois, has a population of 36,969 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 99 low-income units. Based on the estimated housing inventory of 14,164 units, LIHTC-funded affordable housing covers approximately 0.7% of the zip code's housing stock.
The LIHTC project in this zip code received $369,197 in tax credits, averaging $3,729 per unit. This funding represents 0.05% of the total LIHTC allocation for Illinois, indicating a relatively small portion of the state's affordable housing investment in this area.
The sole LIHTC project in the zip code, West Chicago Senior Apts, was completed in 2003. This development has been providing affordable housing options for nearly two decades. The project consists of 97 one-bedroom units and 2 two-bedroom units, suggesting a focus on accommodating smaller households, particularly seniors.
Over the past decade, the zip code has experienced slight fluctuations in population, with a peak of 38,830 residents in 2019 and a decline to 36,969 by 2022. Median income has shown an overall upward trend, rising from $79,380 in 2013 to $91,036 in 2022, with a notable peak of $100,518 in 2021.
The racial composition of the area has remained relatively stable, with a slight increase in diversity. The Hispanic population has consistently been the largest minority group, comprising around 40-43% of the population. The white population has slightly decreased from 50% to 47% over the decade, while the Asian population has grown from 6% to 8%.
Despite these demographic changes, there have been no new LIHTC projects in the area since 2003. This could be due to various factors, including the relatively high median income, which may reduce the perceived need for additional affordable housing units.
Zip code 60185 has a single LIHTC-funded affordable housing project, West Chicago Senior Apts, which provides 99 low-income units, primarily consisting of one-bedroom apartments. While this project contributes to the area's affordable housing stock, it represents a small percentage of the total estimated housing inventory. The zip code has experienced moderate population growth and increasing median income over the past decade, along with slight shifts in racial composition. These demographic trends, particularly the rising median income, may have influenced the lack of new LIHTC developments in recent years.