The affordable housing inventory in zip code 60707 consists of a mix of unit types. There are 102 efficiencies, 139 one-bedroom units, and 42 two-bedroom units. This distribution suggests a focus on smaller households and potentially senior living arrangements.

Over the last decade, the population in zip code 60707 has remained relatively stable, with a slight decrease from 44,777 in 2016 to 43,085 in 2022. The median income has shown an overall upward trend, increasing from $66,504 in 2016 to $70,659 in 2022, with a notable spike to $79,361 in 2021.

Racial demographics have shifted somewhat during this period. The Hispanic population increased from 36% in 2016 to 40% in 2022, while the white population decreased from 49% to 48%. The Black and Asian populations remained relatively stable at 7% and 3% respectively.

Despite these demographic changes, no new LIHTC projects have been built in zip code 60707 in the last decade. This could be attributed to the relatively stable population and increasing median income, which might indicate a reduced need for additional low-income housing in the area.

Zip code 60707 has a modest but important LIHTC-funded affordable housing inventory, covering about 1.71% of the estimated housing units. The area received significant federal funding for these projects, which were primarily developed in the 2000s. The housing mix suggests a focus on smaller households and potentially senior living. While demographic shifts have occurred over the past decade, including an increase in the Hispanic population and overall median income, no new LIHTC projects have been developed recently. This analysis provides insights into the affordable housing landscape of zip code 60707, reflecting its contribution to addressing housing needs in the area.