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Affordable Housing in Pinckneyville: LIHTC's Impact on a Small Illinois City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pinckneyville, an Illinois city with a population of 8,178 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprising 30 total units, of which 3 are designated as low-income units. This LIHTC funded housing represents approximately 0.96% of the city's estimated 3,133 housing units.
The city has received $89,032 in project tax credits from the LIHTC program. With one approximate project, this translates to an average federal funding of $89,032 per project and $2,968 per unit. Pinckneyville holds 0.01% of the total state funding for LIHTC projects.
The Manors At Mason Woods, completed in 2004, is the sole LIHTC project in Pinckneyville. This project has been providing affordable housing in the city for nearly two decades. The affordable housing inventory consists of 24 efficiencies and 6 one-bedroom units, suggesting a focus on smaller household sizes or individual residents.
Over the past decade, Pinckneyville's population has experienced a slight decline, decreasing from 8,436 in 2013 to 8,178 in 2022. However, the median income has increased significantly, rising from $55,325 in 2013 to $60,200 in 2022.
The city has maintained a predominantly white population, with a slight decrease from 80% in 2013 to 77% in 2021, before returning to 80% in 2022. The Black population saw a modest increase from 14% in 2013 to 20% in 2017-2018, before declining back to 14% in 2022. The Hispanic population has remained relatively stable, fluctuating between 3% and 5% throughout the decade.
Pinckneyville's LIHTC funded affordable housing inventory, while limited, has been a consistent presence since 2004. The city's demographic trends show a slight population decline coupled with rising median incomes. The racial composition has remained relatively stable, with some minor fluctuations. These trends, along with the existing affordable housing stock, provide insight into the city's housing landscape and potential future needs.
