Evanston, Illinois, a city north of Chicago and home to Northwestern University, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 100 units. These units, all designated as low-income, represent approximately 0.35% of the city's estimated 28,942 housing units. The city has received $959,013 in project tax credits through the LIHTC program, distributed across three projects. This equates to an average federal funding of $319,671 per project and $9,590 per unit. Evanston's share of the total state funding for LIHTC projects is 0.12%.

The development of LIHTC-funded affordable housing in Evanston spans 25 years, with the first project (Wesley-Greenbay) completed in 1989 and the most recent (Emerson Square) in 2014. The 2000s were the most active period for affordable housing development, with two of the three projects constructed during this decade. The inventory comprises 48 efficiencies, 3 one-bedroom units, 33 two-bedroom units, and 7 three-bedroom units, indicating a diverse range of accommodations for various household sizes.

Evanston's population has shown modest growth, increasing from 74,549 in 2010 to 75,538 in 2022. The median income has risen significantly, from $66,165 in 2016 to $97,144 in 2022. This substantial increase in median income may suggest an increased need for affordable housing options to maintain economic diversity within the community.