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Affordable Housing in Vandalia, Illinois: LIHTC Impact on Former State Capital
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Vandalia, Illinois, a city with historical significance as the former state capital, has incorporated Low-Income Housing Tax Credit (LIHTC) funded affordable housing into its urban fabric. The city's LIHTC inventory comprises 92 affordable units, all of which are designated as low-income. This inventory represents approximately 2.4% of Vandalia's estimated 3,844 housing units.
Vandalia has received $399,251 in project tax credits for affordable housing through the LIHTC program. This funding is distributed across four projects, resulting in an average federal funding of $99,813 per project and $4,340 per unit. The city's share of 0.05% of the total state LIHTC funding indicates a small but significant contribution to Illinois' affordable housing initiatives.
The development of LIHTC projects in Vandalia spans from 1994 to 2003, with the Country Place Apartments marking the program's inception in the city and the Capitol Pointe Apartments representing the most recent addition. This nine-year period demonstrates a consistent effort to provide affordable housing, with the 1990s being the most active decade, during which three of the four projects were completed.
The LIHTC-funded housing in Vandalia offers a variety of unit types, primarily focusing on one and two-bedroom apartments. The inventory consists of 24 one-bedroom units, 58 two-bedroom units, and 1 three-bedroom unit. This distribution suggests an emphasis on accommodating small families and individuals.
Vandalia's population has experienced moderate growth over the past decade, increasing from 9,813 in 2019 to 10,034 in 2022. The median income has fluctuated, showing a slight overall decrease from $45,120 in 2019 to $47,470 in 2022. The racial composition has remained relatively stable, with a predominantly white population (86% in 2022) and minor increases in diversity, particularly in the Hispanic and multiracial categories.
Despite the absence of new LIHTC projects in the last decade, the demographic trends suggest a potential need for additional affordable housing. The slight decrease in median income, combined with population growth, may indicate an increasing demand for affordable housing options in the future.
Vandalia's LIHTC-funded affordable housing inventory, while modest in size, plays a vital role in providing low-income housing options for the city's residents. The four projects, developed primarily in the 1990s and early 2000s, offer a range of unit types that cater to various household sizes. Although the current inventory covers a small percentage of the city's estimated housing stock, the demographic trends suggest a potential need for further affordable housing development to address the evolving needs of Vandalia's population.
