The 1990s saw the most affordable housing development activity in zip code 61744. Greenwood Apts, completed in 1993, provides 11 total units with 7 low-income units. Gridley Manor Apts, finished in 1996, offers 12 units, all of which are designated as low-income. The inventory of LIHTC-funded units in this zip code includes one one-bedroom unit and two two-bedroom units, with the remaining units likely being a mix of other configurations.

Over the last decade, the population in zip code 61744 has fluctuated, peaking at 2,451 in 2014 and declining to 2,119 by 2022. The median income has shown an overall increasing trend, rising from $62,378 in 2017 to $67,797 in 2022. This upward trend in median income might partially explain why no new LIHTC projects have been developed in recent years.

The racial composition of zip code 61744 has remained predominantly white, with a slight increase in diversity over the past decade. The percentage of white residents has remained above 90%, with small increases in Black and Hispanic populations. As of 2022, the racial breakdown was approximately 94% white, 3% Black, and 1% Hispanic, with small percentages of other racial groups.

Zip code 61744 in Gridley, Illinois, has a modest LIHTC-funded affordable housing inventory that was established in the 1990s. These projects provide important low-income housing options, representing a small percentage of the overall estimated housing stock. The area has experienced slight population fluctuations and increasing median income over the past decade, along with minimal changes in racial composition. These demographic trends may influence future affordable housing needs and development in the area.