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Affordable Housing in Windsor, Illinois: A Case Study of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Windsor, Illinois is a small city with a history of affordable housing development through the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 24 units, all designated as low-income units. This represents approximately 6.2% of the city's estimated housing stock of 389 units.
The city has received $12,803 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $12,803 per project. The average federal funding per unit is approximately $533.
Windsor's affordable housing development began in 1989 with the completion of the Martin Lamplighter project. This development has provided affordable housing options for over three decades. The Martin Lamplighter project consists of 24 units, including 13 one-bedroom and 11 two-bedroom apartments, accommodating various household sizes and needs.
Windsor has experienced population fluctuations over the past decade. The city's population peaked at 1,283 in 2014 and declined to 1,016 in 2022. Despite these changes, the median income has shown an overall increasing trend, rising from $42,788 in 2018 to $52,025 in 2022. This improvement in median income may indicate a reduced need for additional affordable housing units in recent years.
The racial composition of Windsor has remained relatively stable, with the white population consistently representing over 90% of the total. There has been a slight increase in diversity, with the Hispanic population growing from 0% in 2013 to 3% in 2022.
In conclusion, Windsor's LIHTC-funded affordable housing inventory, while modest, has been a consistent part of the community since 1989. The Martin Lamplighter project continues to provide essential low-income housing options for residents. The city's fluctuating population, increasing median income, and stable racial composition suggest that the current affordable housing stock may be meeting the community's needs. However, ongoing monitoring of demographic trends and housing demands will be crucial for ensuring adequate affordable housing options in the future.
