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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Cambria, located in Illinois, has a LIHTC-funded affordable housing inventory of 46 units, all of which are designated as low-income units. Based on the estimated housing inventory of 694 units for the city's 2022 population, the LIHTC-funded affordable housing covers approximately 6.6% of the city's housing stock.
Cambria has received $162,316 in project tax credits through the LIHTC program. With two projects, this translates to an average of $81,158 in federal funding per project. The average federal funding per unit is $3,529. Cambria holds 0.02% of the total state LIHTC funding.
Both LIHTC projects in Cambria, Countryside Village I and Countryside Village II, were completed in 2012. This indicates that affordable housing through the LIHTC program has been present in the city for about a decade.
The affordable housing units in Cambria are evenly split between one-bedroom and two-bedroom units, with 23 of each type. This distribution suggests a focus on accommodating both individuals and small families in the affordable housing projects.
Over the past decade, Cambria has experienced demographic shifts. The population has fluctuated, peaking at 2,300 in 2015 and declining to 1,811 by 2022. Median income has shown an overall increasing trend, rising from $46,337 in 2013 to $58,492 in 2022.
Racial distribution in Cambria has remained relatively stable, with a slight decrease in the white population from 92% in 2013 to 84% in 2022. There have been small increases in Asian, Black, and Hispanic populations during this period.
The completion of both LIHTC projects in 2012 coincides with a period of population growth in the city, which may have prompted the need for additional affordable housing options. The subsequent population decline and rising median income might explain why no new LIHTC projects have been developed since then.
Cambria's LIHTC-funded affordable housing inventory consists of 46 units across two projects, completed in 2012. These units represent about 6.6% of the estimated housing stock. The city has received a modest amount of LIHTC funding, accounting for 0.02% of Illinois' total allocation. The affordable housing units are evenly split between one-bedroom and two-bedroom configurations, catering to various household sizes. While the population has fluctuated and median income has increased over the past decade, the racial composition has remained relatively stable with a slight trend towards increased diversity.