The housing mix in these LIHTC projects is diverse, featuring 132 one-bedroom units, 118 two-bedroom units, and 27 three-bedroom units. This variety caters to different household sizes and needs within the community.

Over the past decade, the population in zip code 61615 has remained relatively stable, fluctuating between 24,000 and 25,000 residents. The median income has shown an overall upward trend, increasing from $76,520 in 2013 to $79,383 in 2022, with some fluctuations in between.

Racial demographics have shifted slightly, with the white population decreasing from 74% in 2013 to 68% in 2022. There has been a modest increase in diversity, with slight growth in Asian, Hispanic, and multi-racial populations. The Black population has remained relatively stable, ranging between 9% and 13% over the decade.

The stable population and increasing median income might suggest a reduced need for additional affordable housing in recent years. However, the gradual increase in diversity could indicate changing housing needs that may not be fully addressed by the existing LIHTC inventory.

Zip code 61615 in Peoria, Illinois, has a foundation of LIHTC-funded affordable housing established primarily in the late 1980s and 1990s. While these projects provide a valuable resource for low-income residents, they represent a small portion of the overall housing stock. The area has experienced demographic shifts over the past decade, including increased diversity and rising median incomes, which may influence future affordable housing needs. The existing LIHTC inventory provides a mix of unit sizes, offering options for various household compositions within the community.