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Affordable Housing in O'Fallon, Illinois: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
O'Fallon, Illinois, a city with a population of 35,662 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 175 units. These units, all designated as low-income, represent approximately 1.28% of the city's estimated 13,664 housing units.
The LIHTC program has provided O'Fallon with $660,122 in project tax credits for affordable housing. This funding is distributed across approximately two projects, resulting in an average federal funding of $330,061 per project and $3,772 per unit. O'Fallon's share of the total state LIHTC funding is 0.08%.
The city's involvement with LIHTC-funded housing spans at least 16 years, with the first project, Cambridge House Of O'Fallon, completed in 2003, and the most recent, Lincoln Park Villas, finished in 2019. The 2010s were the most active period for affordable housing development in O'Fallon.
The LIHTC-funded housing stock in O'Fallon consists of 117 one-bedroom units and 58 two-bedroom units. The inventory does not include any efficiencies, three-bedroom, or four-bedroom units.
O'Fallon's population has grown by approximately 7.5% over the past decade, from 33,170 in 2019 to 35,662 in 2022. During the same period, the median income increased by 3%, rising from $97,209 to $100,126.
The city's racial demographics have shifted slightly, with the white population decreasing from 74% in 2019 to 68% in 2022. Concurrently, there has been an increase in diversity. The Black population rose from 13% to 15%, the Hispanic population from 4% to 6%, and those identifying as two or more races increased from 3% to 7%.
The completion of Lincoln Park Villas in 2019 coincides with the city's population growth and increasing diversity, potentially indicating a response to changing demographic needs.
O'Fallon's LIHTC-funded affordable housing represents a small but notable portion of the city's housing stock. The city has experienced consistent investment in affordable housing over nearly two decades, with the most recent project completed in 2019. The housing stock is primarily composed of one and two-bedroom units. As O'Fallon continues to grow and diversify, the LIHTC program has contributed to addressing changing housing needs, though it constitutes a relatively small percentage of the overall housing inventory.
