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Affordable Housing in Enos Park: LIHTC Developments 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
Enos Park, a neighborhood in Springfield, Illinois, has 20 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income. Based on the 2022 population of 1,474 and an estimated 565 housing units, LIHTC funded affordable housing comprises approximately 3.54% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $102,653 in project tax credits for Enos Park's affordable housing initiatives. This equates to an average federal funding of $5,132.65 per unit. The neighborhood experienced consistent development of affordable housing over nearly a decade, with the first LIHTC project, "North 4Th Street," completed in 1988 and the most recent, "641 North 5Th St," in 1997.
The 1990s were particularly active for affordable housing development in Enos Park. Notable projects from this period include "913 N 7Th Street" (1991), "903 N Seventh Stduplex" (1992), and "808 N Sixth St" (1994). The neighborhood's LIHTC inventory includes a mix of unit types, comprising 1 efficiency, 1 one-bedroom, 9 two-bedrooms, 6 three-bedrooms, and 3 four-bedrooms, accommodating diverse household sizes.
Enos Park has experienced demographic shifts over the past decade. The population has remained relatively stable, fluctuating between 1,533 and 1,680 residents. Median income has increased significantly, rising from $17,272 in 2018 to $34,156 in 2022, potentially indicating improved economic conditions for residents.
Racial demographics have also changed. The white population has increased from 66% in 2018 to 76% in 2022, while the Black population has decreased from 29% to 9% during the same period. The neighborhood has also seen a slight increase in racial diversity, with growth in Asian, Hispanic, and multi-racial populations.
No new LIHTC projects have been recorded in Enos Park since 1997. The rising median income and changing racial composition may suggest evolving housing needs in the neighborhood, potentially influencing the lack of recent LIHTC developments.
Enos Park's LIHTC funded affordable housing inventory provides 20 low-income units across various configurations. The neighborhood saw consistent affordable housing development from 1988 to 1997, with an average federal investment of over $5,000 per unit. Recent years have witnessed significant demographic changes, including rising median income and shifts in racial composition. These changes may be influencing the current affordable housing landscape in Enos Park, warranting ongoing assessment of the neighborhood's evolving housing needs.
