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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Normal, Illinois, home to Illinois State University, has 804 total units of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program, with 523 designated as low-income units. This represents approximately 3.82% of the city's estimated 21,050 housing units. The city has received $3,693,631 in project tax credits for affordable housing through the LIHTC program, averaging $527,661 in federal funding per project and $4,594 per unit. Normal holds 0.46% of the total state LIHTC funding.
Normal's LIHTC-funded affordable housing projects span from 1994 to 2011. The 1990s saw the most development, with five projects completed during this decade. These include Briarwood Apartments II and Crestwood Apartments (1994), Briarwood Glen Apartments (1995), Fairview Ridge Apartments (1996), and Orlando Apartments (1997). The LIHTC-funded housing offers a range of unit types, with 144 one-bedroom, 386 two-bedroom, and 274 three-bedroom units.
Normal's population has decreased slightly from 56,720 in 2014 to 54,941 in 2022. The median income has increased moderately from $65,018 in 2014 to $66,005 in 2022. Racial demographics have shifted, with the white population decreasing from 81% in 2014 to 75% in 2022, while Black (8% to 13%), Hispanic (4% to 6%), and Asian (2% to 4%) populations have increased.
No new LIHTC projects have been completed in Normal since 2011. This could be due to various factors, including changes in local housing needs, funding priorities, or the availability of alternative affordable housing programs.
Normal, Illinois has an established foundation of LIHTC-funded affordable housing, with projects dating back to 1994. These units provide important housing options for low-income residents, despite representing a small percentage of the city's total housing stock. The city's demographic trends, including a stable population, moderate income growth, and increasing diversity, may influence future affordable housing strategies. Ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.