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Affordable Housing in Chicago's Dunning Neighborhood: LIHTC Funding 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
Dunning, a neighborhood in Chicago, Illinois, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. As of 2022, Dunning had 7,122 residents. The LIHTC program has funded 72 total units in the area, with 32 designated as low-income units. Based on an estimated 2,729 housing units in the neighborhood, LIHTC-funded affordable housing comprises approximately 2.64% of Dunning's housing inventory.
The LIHTC program has invested $716,344 in tax credits for affordable housing projects in Dunning. This investment equates to an average federal funding of $9,949 per unit across all LIHTC-funded projects in the neighborhood. Dunning has two LIHTC-funded projects, both completed in 2010: "The Senior Suites Of Autumn Green At Wright" and "The Suites Of Autumn Green At Wright Campus." This indicates that affordable housing has been present in Dunning for at least 13 years.
The LIHTC-funded housing in Dunning consists of 24 one-bedroom units and 48 two-bedroom units. This distribution suggests a focus on accommodating smaller households and possibly senior citizens, given the project names.
Over the past decade, Dunning's population has remained relatively stable, fluctuating between 6,937 and 7,685 residents. The median income has shown an overall increase from $61,823 in 2013 to $68,584 in 2022, indicating a gradual improvement in economic conditions.
The racial composition of Dunning has experienced changes. The White population has decreased from 74% in 2013 to 63% in 2022, while the Hispanic population has increased from 19% to 28% during the same period. The Asian population has remained relatively stable at around 5-6%, and the Black population has slightly increased from 1% to 2%.
These demographic shifts, particularly the increase in Hispanic residents and the slight decrease in median income from its peak in 2020, may indicate a growing need for affordable housing options in the neighborhood.
Dunning's LIHTC-funded affordable housing inventory covers a small portion of the neighborhood's estimated housing stock. The two projects, both completed in 2010, focus on one and two-bedroom units. Despite relative stability in population, the neighborhood has experienced demographic shifts and fluctuations in median income over the past decade. These changes may influence future affordable housing needs in Dunning, potentially warranting further assessment of housing affordability in the area.
