The LIHTC funded housing inventory in zip code 60970 comprises 36 one-bedroom units and 18 two-bedroom units. This distribution suggests a focus on accommodating smaller households and potentially senior residents.

Over the past decade, zip code 60970 has experienced a significant population decline, decreasing from 8,107 residents in 2017 to 6,965 in 2022. Despite this decline, the median income has shown an overall upward trend, rising from $43,968 in 2017 to $49,583 in 2022.

The racial composition of zip code 60970 has remained relatively stable, with a slight decrease in the white population from 91% in 2017 to 90% in 2022. The Hispanic population has maintained a consistent presence at around 5% during this period.

The absence of new LIHTC projects in zip code 60970 over the last decade could be attributed to the declining population and rising median income, potentially indicating a reduced need for additional low-income housing units.

Zip code 60970 has a small but established LIHTC funded affordable housing inventory, covering about 2% of the estimated total housing units. The area received 0.04% of Illinois' LIHTC funding, demonstrating a modest contribution to the state's affordable housing efforts. The existing LIHTC projects, developed in the 1990s, primarily offer one and two-bedroom units. Despite a declining population, the area has seen an increase in median income over the past decade, which may explain the absence of new LIHTC developments in recent years. This analysis provides insights into the affordable housing landscape of zip code 60970, reflecting its unique demographic and economic trends.