Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Orland Park, an Illinois village, has a population of 66,627 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 80 affordable units, with 72 designated as low-income units. This LIHTC-funded housing represents approximately 0.31% of the city's estimated 25,528 housing units.
The LIHTC program has allocated $1,950,000 in project tax credits for affordable housing in Orland Park. This single project funding equates to an average federal contribution of $1,950,000 per project and $24,375 per unit. Orland Park's share of the total state LIHTC funding is 0.24%.
The sole LIHTC-funded project in Orland Park, Thomas Place - Orland Park, was completed in 2013. This development has been operational for approximately a decade, offering affordable housing options to the community. The project comprises 74 one-bedroom units and 6 two-bedroom units, primarily serving smaller households.
Orland Park's population has shown modest growth, increasing from 63,643 in 2010 to 66,627 in 2022. The median income has experienced fluctuations, reaching a high of $101,322 in 2019 before decreasing to $94,299 in 2022. This recent decline in median income may indicate an increasing need for affordable housing options.
The racial demographics of Orland Park have undergone changes over the past decade. The white population has decreased from 84% in 2013 to 80% in 2022. Conversely, the Hispanic population has grown from 7% to 10%, and the Asian population from 4% to 5% during the same period. The black population has also increased from 1% to 4%. These demographic shifts suggest a growing diversity in the city, which may influence future affordable housing requirements.
Orland Park's LIHTC-funded affordable housing inventory, consisting of a single project, provides 80 units, predominantly one-bedroom apartments. The project received substantial federal funding, averaging $24,375 per unit. Despite stable population growth, recent declines in median income and increasing racial diversity may indicate evolving affordable housing needs. The current LIHTC-funded housing stock represents a small portion of the city's estimated housing inventory, suggesting potential opportunities for future affordable housing development to address the changing demographics and economic conditions of Orland Park.