The sole LIHTC-funded project in Matherville, Lake Matherville Manor Apts, was completed in 2011. This project marks the beginning of LIHTC-funded affordable housing in the village and has been serving the community for over a decade.

Lake Matherville Manor Apts consists of 24 units, with a mix of 2 one-bedroom units and 22 two-bedroom units. This distribution suggests a focus on accommodating small families or individuals in the community.

Analyzing demographic trends over the past decade, Matherville has experienced some fluctuations in population. The population increased from 825 in 2010 to a peak of 1,052 in 2014-2015, before settling at 943 in 2022. This overall growth may have contributed to the need for affordable housing options.

Median income in Matherville has shown an upward trend, rising from $48,499 in 2013 to $66,674 in 2020, before decreasing to $54,629 in 2022. This recent decline in median income could potentially increase the demand for affordable housing options.

The racial composition of Matherville has remained predominantly white over the past decade, with a slight increase in diversity. The Hispanic population has grown from 3% in 2013 to 8% in 2022, while the white population has decreased slightly from 94% to 91% during the same period.

In summary, Matherville's LIHTC-funded affordable housing project, Lake Matherville Manor Apts, plays a significant role in providing low-income housing options for the community. The project's 24 units contribute to meeting the affordable housing needs of the village, accounting for 6.6% of the estimated housing inventory. While the village has experienced some population growth and income fluctuations over the past decade, the presence of this LIHTC project helps ensure that affordable housing options are available to residents who may need them.