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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Bluff, a neighborhood in Peoria, Illinois, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood has 2 total affordable units, all designated as low-income units. Based on the 2022 population of 17,881 and an estimated 6,851 housing units, LIHTC funded affordable housing covers approximately 0.03% of the neighborhood's estimated housing inventory. This percentage indicates that LIHTC funded affordable housing has a minimal role in meeting the overall housing needs of the neighborhood.
The LIHTC program has provided $2,673 in tax credits for affordable housing projects in East Bluff. This amounts to an average federal funding of $1,336.50 per unit. The neighborhood has one LIHTC funded project, Archer Duplex, which was completed in 1989. This indicates that affordable housing through the LIHTC program has been present in East Bluff for over three decades.
The Archer Duplex project consists of two four-bedroom units, providing housing options for larger families or households. This project structure suggests a focus on accommodating families within the affordable housing inventory of the neighborhood.
Over the last decade, East Bluff's population has remained relatively stable, fluctuating between about 18,000 and 19,000 residents. The median income has shown some variability, ranging from around $48,000 to $57,000. Racially, the neighborhood has maintained a diverse composition, with a decrease in the white population (from 68% in 2013 to 57% in 2022) and an increase in the Black population (from 25% in 2013 to 29% in 2022).
The limited LIHTC development in recent years could be due to various factors, including changes in funding priorities, local zoning regulations, or the presence of other affordable housing programs not captured in this data. The relatively stable median income and diverse racial composition suggest that there might still be a need for affordable housing options in the neighborhood.
East Bluff's LIHTC funded affordable housing inventory is limited, consisting of one project with two four-bedroom units completed in 1989. This represents a small fraction of the neighborhood's estimated housing stock, but it has provided long-term affordable housing options for larger households. The neighborhood's demographic trends over the past decade show a relatively stable population with some income fluctuations and increasing racial diversity. These factors suggest that while LIHTC funded projects have played a minimal role in East Bluff's housing landscape, there may be ongoing needs for affordable housing that could be addressed through various housing programs and initiatives.