Over the past decade, the population in this zip code has grown steadily, increasing from 13,428 in 2014 to 15,512 in 2022. The median income has also risen significantly, from $88,354 in 2014 to $101,666 in 2022, representing a 15% increase. The racial composition has remained relatively stable, with a slight decrease in the white population from 90% in 2014 to 89% in 2022, and small increases in Asian and Black populations, both rising from 1% to 3% during this period.

Despite the population growth and rising median income, there have been no new LIHTC projects in the last decade. This could be due to the relatively high median income in the area, which may indicate a lower need for affordable housing compared to other parts of the state.

Zip code 62629 in Chatham, Illinois, has a single LIHTC-funded affordable housing project, Chatham Crossing, which was completed in 2004. This project provides 33 units, including 6 low-income units, representing a small portion of the estimated housing inventory. The area has experienced population growth and significant income increases over the past decade, which may explain the lack of new LIHTC projects in recent years. While the current LIHTC-funded housing stock is limited, it is possible that other affordable housing programs may be present in the area to address additional housing needs.