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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 60544, located in Plainfield, Illinois, has a population of 30,359 as of 2022. This area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 108 affordable units, of which 87 are designated as low-income units. Based on the estimated housing inventory of 11,632 units, the LIHTC-funded affordable housing comprises approximately 0.93% of the zip code's housing stock.
The LIHTC project in zip code 60544 received $371,465 in tax credits, averaging $3,439 per unit. This funding represents 0.05% of the total LIHTC allocation for the state of Illinois. The sole LIHTC project in the area, Heritage Woods Of Plainfield, was completed in 2011, marking the initiation of LIHTC-funded affordable housing in this zip code.
The project consists of 108 total units, including 54 efficiencies and 54 one-bedroom units. This unit distribution indicates a focus on housing for individuals or small households. The project does not have a specified target population, suggesting it may serve a general low-income demographic.
Over the past decade, zip code 60544 has experienced steady population growth, increasing from 28,218 in 2013 to 30,359 in 2022. The median income has also risen, from $95,215 in 2013 to $104,194 in 2022, indicating an overall increase in economic prosperity for the area.
The racial distribution has remained relatively stable, with the white population consistently representing about 66-67% of residents. There has been a slight increase in the Black population from 8% to 9% between 2013 and 2022, while the Hispanic population has remained steady at around 17-19%. The Asian population has slightly decreased from 6% to 5% during this period.
Despite the growing population and rising median income, there have been no additional LIHTC projects built in zip code 60544 in the last decade. This could be attributed to the area's relatively high median income, which may reduce the perceived need for additional low-income housing developments.
Zip code 60544 has a single LIHTC-funded affordable housing project, Heritage Woods Of Plainfield, which was completed in 2011. This project provides 108 affordable units, primarily consisting of efficiencies and one-bedroom apartments. While the project contributes to the area's affordable housing stock, it represents a small portion (0.93%) of the estimated total housing inventory. The zip code has experienced population growth and increasing median income over the past decade, which may influence the perceived need for additional affordable housing developments. The racial demographics have remained relatively stable, with a slight increase in diversity.