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Affordable Housing in Witt, Illinois: Three Decades of LIHTC Funding
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Witt, Illinois, is a small community with a population of 796 as of 2022. The city has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 12 units, all designated as low-income. These units represent approximately 3.9% of the city's estimated 305 housing units.
Witt has received $15,768 in project tax credits from the LIHTC program for affordable housing. With two projects, this amounts to an average federal funding of $7,884 per project or $1,314 per unit. The city's LIHTC funded affordable housing history spans from 1989 to 1992, with the first project, Wrenwood Retirement Apts, completed in 1989 and the most recent, Rupert Apt Of Witt, finished in 1992.
The 1980s and 1990s were the most active periods for affordable housing development in Witt. All 12 LIHTC funded units in the city are one-bedroom apartments, indicating a focus on housing for individuals or small households.
Over the past decade, Witt's population has shown a slight growth trend, increasing from 684 in 2013 to 796 in 2022. Median income has also risen overall, from $39,604 in 2013 to $45,999 in 2022, with some fluctuations. The racial composition of Witt has remained predominantly white throughout this period, with minimal changes in diversity.
No new LIHTC projects have been developed in Witt since 1992. This may be attributed to various factors, including the relatively stable population size and the gradual increase in median income, which could indicate a reduced need for additional low-income housing units.
Witt's LIHTC funded affordable housing inventory consists of 12 one-bedroom units across two projects, developed between 1989 and 1992. These units represent about 3.9% of the city's estimated housing stock. While the city has experienced slight population growth and increased median income over the past decade, no new LIHTC projects have been developed during this time. The existing affordable housing stock continues to serve low-income residents in this small Illinois community.
