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Affordable Housing in Cahokia Heights: LIHTC Program Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Cahokia Heights, Illinois, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 170 total affordable units, all designated as low-income units. This represents approximately 2.54% of the city's estimated housing inventory of 6,689 units.
Cahokia Heights has received $1,794,359 in project tax credits through the LIHTC program. With three approximate projects, this translates to an average of $598,120 in federal funding per project. The average federal funding per unit is $10,555. Cahokia Heights holds 0.22% of the total state LIHTC funding.
The city's LIHTC-funded affordable housing development spans from 1988 to 2006. The first project, Village Place Apts, was completed in 1988, while the most recent project, East Bank Pointe, was finished in 2006. This indicates an 18-year period of affordable housing development in the city. The 2000s saw the most affordable housing activity, with two projects completed during this decade.
The LIHTC inventory in Cahokia Heights consists of 1 one-bedroom unit, 88 two-bedroom units, and 72 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, Cahokia Heights has experienced a significant population decline, from 21,784 in 2015 to 17,459 in 2022. The median income has shown some fluctuation, rising from $27,124 in 2015 to $31,193 in 2022. This could indicate a changing economic landscape in the city.
The racial composition of Cahokia Heights has shifted. The Black population has increased from 68% in 2015 to 73% in 2022, while the White population has decreased from 27% to 22% during the same period. The city has also seen a slight increase in racial diversity, with small increases in Asian, Hispanic, and multi-racial populations.
No new LIHTC projects have been built in Cahokia Heights since 2006. The declining population and relatively stable median income might suggest a reduced demand for new affordable housing developments in recent years.
Cahokia Heights has a modest LIHTC-funded affordable housing inventory, covering about 2.54% of its estimated housing stock. The city received nearly $1.8 million in tax credits, spread across three projects built between 1988 and 2006. While the population has been declining, the racial composition has shifted towards a larger Black majority. The lack of recent LIHTC projects, combined with demographic changes, suggests an evolving housing landscape in Cahokia Heights that may require ongoing assessment to ensure housing needs are met.
