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Affordable Housing Analysis: Zip Code 61727 in Clinton, Illinois - A Single LIHTC Project's Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 61727 in Clinton, Illinois, contains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 24 affordable housing units, all of which are designated as low-income units. Based on the 2022 population of 9,342 and an estimated 3,579 housing units, the LIHTC-funded affordable housing represents approximately 0.67% of the zip code's estimated housing inventory.
The LIHTC program has invested $34,542 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $1,439.25 per unit. The zip code has one LIHTC-funded project, Village Aptsof Clinton II, which was completed in 1992. This project has been providing affordable housing options in the area for over three decades.
The Village Aptsof Clinton II project consists of 24 units, including 16 one-bedroom and 8 two-bedroom apartments. This distribution indicates a focus on accommodating smaller households and families within the affordable housing inventory.
Over the past decade, zip code 61727 has experienced a slight decline in population, from 9,791 in 2013 to 9,342 in 2022. Despite this decrease, the median income has shown a general upward trend, rising from $50,533 in 2013 to $53,558 in 2022, with some fluctuations in between.
The racial composition of zip code 61727 has remained relatively stable, with a predominantly white population. In 2022, the racial breakdown was approximately 92% white, 1% black, 4% Hispanic, and 2% identifying as two or more races. The consistency in demographic trends may explain why no additional LIHTC projects have been developed in the area since 1992.
Zip code 61727 in Clinton, Illinois, has a single LIHTC-funded affordable housing project that has been serving the community for over 30 years. While the project provides 24 low-income units, it represents a small fraction of the estimated housing inventory in the area. The zip code has experienced minimal population change and a slight increase in median income over the past decade, which may have influenced the lack of additional LIHTC developments. The existing affordable housing units primarily cater to smaller households, with a mix of one- and two-bedroom apartments.
