Loading Content...
Affordable Housing in Robert Taylor Homes: LIHTC Impact on Chicago Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Robert Taylor Homes neighborhood in Chicago, Illinois, exhibits a substantial LIHTC-funded affordable housing inventory. This area contains 568 total units in LIHTC-funded projects, with 316 units specifically designated as low-income. Based on the 2022 population of 2,758 and utilizing the national average household size, the estimated housing units in the neighborhood is approximately 1,057. The LIHTC-funded affordable housing comprises about 53.7% of the estimated housing inventory, indicating a significant presence of affordable housing in the area.
The LIHTC program has made considerable investments in this neighborhood, with project tax credits totaling $7,337,340. This equates to an average federal funding of approximately $12,917 per unit in LIHTC-funded projects. The neighborhood has experienced LIHTC-funded affordable housing project completions over several years, with the earliest project, Dearborn Root- Robert Taylor, completed in 2007, and the most recent, Savoy Square, in 2011. This four-year span demonstrates a concentrated period of affordable housing development in the area.
The LIHTC-funded projects in this neighborhood offer a range of unit types. Of the 568 total units, there is 1 efficiency unit, 39 one-bedroom units, 194 two-bedroom units, 246 three-bedroom units, and 25 four-bedroom units. This distribution indicates a focus on accommodating families of various sizes, with an emphasis on two- and three-bedroom units.
Over the past decade, the neighborhood's population has shown fluctuation, with a general upward trend from 2,798 in 2020 to 2,758 in 2022. The median income has increased from $31,082 in 2020 to $32,511 in 2022. This modest income growth may indicate a continued need for affordable housing options in the area.
The neighborhood has maintained a predominantly Black population, consistently around 90-91% from 2020 to 2022. The Hispanic population has remained stable at about 3-5% during this period, while other racial groups represent smaller percentages of the population.
The Robert Taylor Homes neighborhood demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. With over half of the estimated housing inventory covered by LIHTC-funded units, the area has a significant affordable housing presence. The diversity in unit types suggests an effort to accommodate various household sizes. While there have not been new LIHTC projects since 2011, the demographic data shows a relatively stable population with modest income growth, indicating an ongoing need for affordable housing options. The consistent racial composition of the neighborhood underscores the importance of maintaining affordable housing to support the existing community.
