Pekin, Illinois, with a population of 40,932 in 2022, has 217 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This comprises 1.38% of the city's estimated 15,683 housing units. The LIHTC program has provided $1,318,908 in project tax credits to Pekin, representing 0.16% of the state's total LIHTC funding. With three approximate projects, the average federal funding is $439,636 per project and $6,078 per unit.

The LIHTC program in Pekin spans from 1993, when the first project, Meadow Lane Apartments, was completed, to 2007, when the most recent project, Pekin Supportive Living, was finished. The 1990s saw the highest affordable housing activity, with two projects completed during this decade. The LIHTC-funded housing inventory in Pekin includes 13 efficiencies, 75 one-bedroom units, 4 two-bedroom units, 47 three-bedroom units, and 42 four-bedroom units.

Pekin's population has declined from 43,019 in 2013 to 40,932 in 2022. During this period, the median income increased from $53,795 to $58,108, indicating a modest improvement in overall economic conditions. The racial composition of Pekin has remained predominantly white (92% in 2022), with slight increases in the Black, Hispanic, multiracial, and Asian populations over the decade.