The affordable housing inventory in zip code 60073 consists of various unit types. There are 47 efficiencies, 120 one-bedroom units, 8 two-bedroom units, and 17 three-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.

Over the past decade, the population in this zip code has increased gradually, growing from 52,797 in 2013 to 53,851 in 2022. Concurrently, the median income has risen significantly, from $65,348 in 2013 to $80,921 in 2022, indicating an overall improvement in economic conditions.

The racial composition of zip code 60073 has remained relatively stable. The white population decreased slightly from 48% in 2013 to 43% in 2022, while the Hispanic population increased from 43% to 45%. The Asian and Black populations have also seen small increases, from 4% to 5% each over the same period.

The absence of new LIHTC projects in the last decade may be attributed to the rising median income, potentially suggesting a reduced need for additional affordable housing units. However, other affordable housing programs not captured in this data may be addressing ongoing needs.

Zip code 60073 has a modest LIHTC funded affordable housing inventory, with 192 total units representing less than 1% of the estimated housing stock. The area has seen two LIHTC projects completed between 2005 and 2012, receiving over $2.2 million in tax credits. While the population has grown slightly and median income has increased significantly over the past decade, the racial composition has remained relatively stable. The lack of recent LIHTC developments may be influenced by the area's rising median income, but a comprehensive assessment of affordable housing needs would require consideration of additional factors and programs beyond LIHTC.