Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 62230, located in Breese, Illinois, contains 6 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 0.37% of the estimated 1,607 housing units in this zip code, based on the 2022 population of 4,194 and the national average household size. The LIHTC program has invested $17,036 in tax credits for affordable housing projects in this zip code, averaging $2,839 per unit.
The single LIHTC funded project in this zip code is Southern Illinois Manors #2, completed in 1999. This project has provided affordable housing options for over two decades. All 6 units are one-bedroom apartments, suggesting a focus on housing for individuals or small households. The project does not have a specified target population, indicating it may serve a general low-income demographic.
Over the past decade, the population in zip code 62230 has remained relatively stable. The population increased from 4,161 in 2013 to 4,194 in 2022, a modest growth of less than 1%. During this period, the median income showed some variability but generally trended upward, rising from $66,110 in 2013 to $71,958 in 2022, an increase of about 8.8%.
The racial composition of zip code 62230 has remained predominantly white, consistently above 94% throughout the decade. There has been a slight increase in diversity, with the Hispanic population growing from 2% in 2013 to 4% in 2022, and the Asian population maintaining a steady 1% representation.
The absence of new LIHTC projects in the last decade, coupled with the relatively stable population and increasing median income, might suggest a reduced need for additional low-income housing in this area. However, it is important to note that other affordable housing programs not covered by this data may also be serving the community's needs.
In summary, zip code 62230 has a single LIHTC funded affordable housing project, Southern Illinois Manors #2, which has been providing 6 one-bedroom units since 1999. While this represents a small fraction of the estimated housing inventory, it has been a consistent source of affordable housing for over two decades. The area has experienced stable population growth and increasing median incomes over the past decade, which may have influenced the lack of new LIHTC projects during this period. The racial composition has remained predominantly white, with a slight increase in Hispanic representation. These demographic trends provide context for understanding the affordable housing landscape in this zip code, though a comprehensive assessment would require consideration of additional affordable housing programs and local economic factors.