Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
DeKalb, Illinois, home to Northern Illinois University, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 774 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 16,147 units, the LIHTC-funded affordable housing covers approximately 4.8% of the city's housing stock.
DeKalb has received $3,967,005 in project tax credits for affordable housing through the LIHTC program. With approximately 5 projects, this translates to an average of $793,401 in federal funding per project. The average federal funding per unit is $5,125, considering the total of 774 units in LIHTC-funded projects.
DeKalb holds 0.49% of the total state LIHTC funding, indicating a modest share of Illinois' affordable housing resources. The city has maintained a consistent presence of affordable housing since 1994, with the first project, Briarwood Apts Of DeKalb, completed that year. The most recent project, University Village Phase I-II, was completed in 2018, spanning 24 years of affordable housing development.
The 1990s saw the most affordable housing projects completed, with three projects: Briarwood Apts Of DeKalb (1994), Eden's Garden Development Group (1996), and Amber Manor Apts (1997).
The LIHTC-funded housing inventory in DeKalb consists of a diverse range of unit types. There are 34 efficiencies, 185 one-bedroom units, 388 two-bedroom units, 116 three-bedroom units, and 51 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.
Over the past decade, DeKalb's population has shown a declining trend, decreasing from 45,333 in 2015 to 42,143 in 2022. Despite this population decrease, the median income has risen from $47,480 in 2015 to $51,299 in 2022, indicating an overall improvement in economic conditions for residents.
The racial composition of DeKalb has become more diverse over the last decade. The white population has decreased from 67% in 2015 to 60% in 2022, while the Hispanic population has grown from 12% to 15%. The Black population has also increased slightly from 13% to 15%. This increasing diversity may indicate a growing need for culturally sensitive affordable housing options.
The most recent LIHTC project, University Village Phase I-II, was completed in 2018, aligning with the period of demographic shifts and increasing median income. This suggests that despite the overall population decrease, there was still a recognized need for affordable housing in the city.
DeKalb's LIHTC-funded affordable housing inventory represents a modest but significant portion of the city's housing stock. The city has consistently developed affordable housing projects over the past three decades, with a focus on diverse unit types to accommodate various household sizes. While the population has decreased slightly, the increasing median income and growing diversity in the city suggest an evolving demographic landscape that may continue to shape affordable housing needs in the future.