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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Harrisburg, Illinois, with a population of 10,906 in 2022, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Century Estates Apartments, provides 60 units, including 6 designated as low-income units. The LIHTC-funded housing represents approximately 1.44% of the city's estimated 4,179 housing units.
Harrisburg has received $562,817 in project tax credits through the LIHTC program. This translates to an average federal funding of $562,817 per project and $9,380 per unit. The city holds 0.07% of the total state funding for LIHTC projects in Illinois.
Century Estates Apartments, completed in 2001, consists of 48 two-bedroom units and 12 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families in the affordable housing inventory.
Harrisburg has experienced a gradual population decline, from 11,634 in 2015 to 10,906 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $37,612 in 2015 to $41,800 in 2022. The racial composition has remained relatively stable, with a predominantly white population (93% in 2022), though there has been a slight increase in racial diversity.
The lack of new LIHTC projects in the last decade could be attributed to the declining population and increasing median income, which may have reduced the perceived need for additional affordable housing units. However, other factors and housing programs not captured in this data could also influence the affordable housing landscape in Harrisburg.
Harrisburg's LIHTC-funded affordable housing inventory consists solely of Century Estates Apartments, which has been providing 60 units of affordable housing since 2001. While this project contributes to the city's affordable housing stock, it represents a small percentage of the overall estimated housing inventory. The city's demographic shifts may have influenced the lack of new LIHTC projects during this period. Despite these changes, the continued presence of Century Estates Apartments demonstrates a long-term commitment to providing affordable housing options in Harrisburg.