Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Batavia, Illinois, has a population of 31,423 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 148 total units, with 137 designated as low-income units. This represents approximately 1.23% of the city's estimated housing inventory of 12,039 units.
Batavia has received $669,669 in project tax credits from the LIHTC program for affordable housing. With two approximate projects, this equates to an average federal funding of $334,834 per project. The average federal funding per unit is $4,525, considering the total 148 units in LIHTC funded projects. Batavia holds 0.08% of the total state LIHTC funding.
The city's LIHTC funded affordable housing development occurred between 2003 and 2008, with the first project being Heritage Woods of Batavia and the most recent being Heritage Woods of Batavia II. This indicates a five-year period of LIHTC-funded affordable housing development in the city. The 2000s decade saw the most affordable housing projects completed in Batavia.
The LIHTC funded housing inventory in Batavia consists of 67 efficiencies, 80 one-bedroom units, and 1 three-bedroom unit. This distribution suggests a focus on accommodating smaller households or individuals.
Over the past decade, Batavia's population has remained relatively stable, with a slight decrease from 31,949 in 2015 to 31,423 in 2022. The median income has shown an upward trend, rising from $104,200 in 2015 to $111,548 in 2022.
Regarding racial distribution, Batavia has maintained a predominantly white population, though there has been a slight decrease from 87% in 2015 to 82% in 2022. The Hispanic population has seen a modest increase from 7% to 9% during this period. Other racial groups have remained relatively stable, with slight increases in Asian and multi-racial populations.
The lack of new LIHTC projects in the last decade might be attributed to the city's high median income and relatively stable population, potentially indicating a lower demand for additional low-income housing units.
Batavia's LIHTC funded affordable housing inventory provides 148 units with a focus on efficiency and one-bedroom apartments. The city received $669,669 in tax credits, representing 0.08% of the state's total LIHTC funding. The development of these projects occurred between 2003 and 2008. Despite the lack of new LIHTC projects in recent years, Batavia has experienced a rise in median income and maintained a stable population, with slight shifts in racial demographics. These factors may influence the current demand for additional affordable housing in the city.