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Affordable Housing in Hegewisch: A Single LIHTC Project's Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hegewisch, a Chicago neighborhood, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Senior Suties Of Hegewisch, provides 84 units of affordable housing. Based on the 2022 population of 10,427 and the national average household size of 2.61, there are approximately 3,995 housing units in Hegewisch. The LIHTC project comprises about 2.1% of the estimated housing inventory in the neighborhood.
The LIHTC program allocated $588,000 in tax credits for the Senior Suties Of Hegewisch project, averaging $7,000 per unit in federal funding. Completed in 2001, this project has provided affordable housing in Hegewisch for over two decades. The development offers 39 efficiencies and 45 one-bedroom units, suggesting a focus on smaller households, potentially catering to senior residents or individuals living alone.
Hegewisch's population has gradually declined from 11,513 in 2013 to 10,427 in 2022. The median income has remained relatively stable, fluctuating between $44,041 and $53,328 during this period. The neighborhood has experienced demographic shifts, with the Black population increasing from 37% in 2017 to 50% in 2022, while the Hispanic population decreased from 38% to 26% in the same timeframe. The White population has remained relatively stable, ranging from 21% to 25% over the past decade.
Despite these demographic changes, no new LIHTC projects have been developed in Hegewisch since 2001. This lack of new development could be attributed to various factors, such as limited available land, changes in funding priorities, or the presence of other affordable housing programs not captured in this data.
Hegewisch's LIHTC-funded affordable housing inventory consists of a single project completed in 2001, providing 84 units primarily composed of efficiencies and one-bedroom apartments. While this project covers only a small percentage of the estimated housing inventory, it has been a consistent presence in the neighborhood for over two decades. The community has experienced demographic shifts in recent years, including a declining population and changes in racial composition. However, these changes have not corresponded with new LIHTC developments in the area. Further investigation into other affordable housing programs and local housing policies would be necessary to gain a comprehensive understanding of Hegewisch's overall affordable housing landscape.
