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Affordable Housing in West Pullman: A Study of LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Pullman, a neighborhood in Chicago, Illinois, has one LIHTC funded affordable housing project. This project, Hancock House, provides 89 affordable housing units, including 8 low-income units. Based on the 2022 population of 28,543 and an estimated 10,936 housing units, LIHTC funded affordable housing comprises approximately 0.81% of the neighborhood's estimated housing inventory.
The Hancock House project received $1,538 in tax credits from the LIHTC program, averaging about $17.28 per unit in federal funding. Completed in 2011, Hancock House is the only LIHTC funded affordable housing project in West Pullman over the past decade. The project consists of 89 total units, including 13 efficiencies and 76 one-bedroom units, indicating a focus on accommodating smaller households or individuals in the neighborhood.
West Pullman has experienced a steady population decline over the last decade, from 33,333 in 2013 to 28,543 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $39,507 in 2013 to $47,591 in 2022, with some fluctuations in between. The racial composition of West Pullman has remained relatively stable, with a slight decrease in the Black population from 93% in 2013 to 89% in 2022. The Hispanic population has seen a small increase from 4% to 7% during the same period.
The completion of Hancock House in 2011 predates the available demographic data, making it difficult to directly correlate its development with specific demographic shifts. However, the subsequent years show a gradual decline in population density and a modest increase in median income, which might reflect changing housing needs in the neighborhood.
West Pullman's LIHTC funded affordable housing is represented by a single project, Hancock House, which provides 89 units, predominantly one-bedroom apartments. This project accounts for a small percentage of the neighborhood's estimated housing inventory. Over the past decade, West Pullman has experienced a population decline alongside a gradual increase in median income. The racial composition has remained predominantly Black, with a slight increase in the Hispanic population. These demographic trends may influence future affordable housing needs and development in the neighborhood.
