Over the past decade, zip code 60401 has experienced demographic changes. The population has grown slightly from 7,714 in 2012 to 7,774 in 2022. The median income has increased significantly, rising from $78,056 in 2013 to $84,056 in 2022, suggesting overall economic growth in the area.

Racial demographics have also shifted. The white population has decreased from 89% in 2013 to 83% in 2022, while the Hispanic population has grown from 5% to 12% during the same period. The Black population has remained relatively stable at 1-2%.

Despite these demographic changes, no new LIHTC projects have been developed in the zip code since 1992. This could be attributed to various factors, including the area's rising median income, which might indicate less need for additional affordable housing, or potential changes in local housing policies and priorities.

Zip code 60401 in Beecher, Illinois, has an established LIHTC funded affordable housing presence, with 24 low-income units provided through a single project completed in 1992. This project represents less than 1% of the estimated housing inventory but has been a consistent source of affordable housing for three decades. The area has experienced moderate population growth, significant income increases, and shifts in racial demographics over the past decade. However, no new LIHTC projects have been developed since 1992, potentially reflecting changing local housing needs or priorities.