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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 62201 in East St. Louis, Illinois, contains a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 30 total affordable housing units, with 3 units specifically designated as low-income. Based on the 2022 population of 6,566 and an estimated 2,516 housing units in the zip code, the LIHTC funded affordable housing comprises approximately 1.19% of the estimated housing inventory.
The LIHTC program has provided $1,000 in project tax credits for affordable housing in zip code 62201. This equates to an average federal funding of $33.33 per unit. The affordable housing landscape in this zip code is represented by a single project, Sinai Village, completed in 2011. This project marks the beginning and current extent of LIHTC-funded affordable housing in the area. Sinai Village consists of 30 units, including 21 three-bedroom and 9 four-bedroom apartments, designed to accommodate families requiring larger living spaces.
Over the past decade, zip code 62201 has experienced a significant population decline, decreasing from 9,216 in 2017 to 6,566 in 2022. Despite this decrease, the median income has shown a positive trend, increasing from $21,702 in 2017 to $26,024 in 2022. The racial composition of the area has remained relatively stable, with a slight decrease in the Black population from 57% in 2017 to 46% in 2022, and a small increase in the White population from 15% to 21% during the same period. The Hispanic population has maintained a consistent presence, ranging between 23-29% over the past decade.
Zip code 62201 in East St. Louis, Illinois, has a modest LIHTC-funded affordable housing inventory, represented by a single project completed in 2011. This project provides 30 units of affordable housing, covering only a small percentage of the estimated housing inventory. The area has experienced population decline over the past decade, coupled with a gradual increase in median income. These demographic shifts may influence the future need for affordable housing in the zip code.