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Affordable Housing in Chicago-Dempster: LIHTC's Enduring Impact Since 2002
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Chicago-Dempster neighborhood in Evanston, Illinois, maintains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 48 units. These units, all designated as low-income, represent approximately 2.5% of the neighborhood's estimated 1,919 housing units, based on the 2022 population of 5,008.
The LIHTC program has invested $187,944 in tax credits for affordable housing in the Chicago-Dempster neighborhood, averaging $3,916 per unit in federal funding. The neighborhood's affordable housing through LIHTC began in 2002 with the completion of the Claridge Apts project, which remains the sole LIHTC-funded development in the area, providing 48 efficiency units.
The Chicago-Dempster neighborhood has experienced demographic changes over the past decade. The population increased slightly from 4,991 in 2013 to 5,008 in 2022. The median income showed an overall upward trend, rising from $89,494 in 2013 to $96,008 in 2022, with some fluctuations in between. The racial composition has also shifted, with the white population decreasing from 76% in 2013 to 68% in 2022, while the Asian and Hispanic populations increased.
The Asian population grew from 11% in 2013 to 12% in 2022, with a peak of 17% in 2016. The Hispanic population increased from 5% in 2013 to 8% in 2022. The Black population remained relatively stable, ranging between 4-6% throughout the decade. Despite these demographic changes, no new LIHTC projects have been developed in the neighborhood since 2002.
The Chicago-Dempster neighborhood's LIHTC-funded affordable housing inventory has remained consistent since 2002. The Claridge Apts project, providing 48 efficiency units, represents about 2.5% of the estimated housing stock. Over the past decade, the neighborhood has experienced increases in population, median income, and diversity, particularly in its Asian and Hispanic populations. The absence of new LIHTC projects since 2002 suggests that the community's affordable housing needs may be met through other means or that the existing project continues to serve its purpose effectively.
