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Affordable Housing in Table Grove: LIHTC's Singular Impact on a Stable Rural Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Table Grove in Illinois possesses a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The village contains 12 affordable housing units, all categorized as low-income units. These LIHTC-funded units represent approximately 5.3% of the village's estimated total housing stock of 228 units.
The LIHTC program has allocated $10,600 in project tax credits to Table Grove. This funding supports one project, resulting in an average federal funding of $10,600 per project or approximately $883 per unit. The sole LIHTC-funded project in Table Grove is the Table Grove Apts, completed in 1991. This project has provided affordable housing in the community for over three decades and consists of 12 units, including 7 one-bedroom and 5 two-bedroom apartments.
Table Grove has experienced a gradual population decline over the past decade, decreasing from 683 residents in 2013 to 596 in 2022. Despite this reduction, the median income has remained relatively stable, fluctuating between $47,915 in 2013 and $61,617 in 2022. The racial composition of Table Grove has consistently been predominantly white, with a slight increase in diversity in recent years. As of 2022, the village's population was 97% white, with small percentages of Hispanic (1%), two or more races (1%), and other races (1%).
The absence of new LIHTC projects in the last decade, combined with the stable median income and predominantly white population, may indicate a limited perceived need for additional low-income housing in the area. However, it is important to note that other factors and housing programs not included in this data may also influence the affordable housing landscape in Table Grove.
In summary, Table Grove has one LIHTC-funded affordable housing project, Table Grove Apts, which has served the community since 1991. This project provides 12 low-income units, accounting for about 5.3% of the village's estimated housing stock. The population has decreased slightly over the past decade, while the median income has remained relatively stable. The racial composition of the village has shown minimal changes, remaining predominantly white. These demographic trends may partially explain the lack of new LIHTC projects in recent years. However, a comprehensive assessment would require consideration of additional factors and housing programs beyond the scope of this analysis.
