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Affordable Housing in Zip Code 60108: LIHTC Projects in Bloomingdale, Illinois
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 60108 in Bloomingdale, Illinois, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 176 total units in LIHTC-funded projects, with 85 designated as low-income units. The LIHTC-funded affordable housing comprises approximately 1.96% of the local housing inventory, based on an estimated 8,993 housing units in the zip code.
The LIHTC projects in zip code 60108 have received $1,271,413 in tax credits, averaging about $7,223 per unit across all LIHTC-funded projects. This funding represents 0.16% of the total LIHTC allocation for the state of Illinois. Affordable housing has been present in this zip code since at least 2007, with the most recent project completed in 2010. The Bloomingdale Horizon Senior Living Community, completed in 2007, and the Alden Gardens of Bloomingdale Supportive, finished in 2010, mark the beginning and end of the recorded LIHTC development in this area.
The LIHTC-funded housing inventory in zip code 60108 consists of a mix of unit types. There are 24 efficiencies, 89 one-bedroom units, and 9 two-bedroom units. This distribution suggests a focus on smaller household sizes, potentially catering to single individuals or couples.
Over the past decade, the population in zip code 60108 has remained relatively stable, with a slight decrease from 24,102 in 2015 to 23,473 in 2022. The median income has shown an overall upward trend, rising from $82,798 in 2015 to $88,412 in 2022, with some fluctuations in between.
Racial demographics have remained fairly consistent, with the white population comprising the majority at 66% in 2022, down slightly from 70% in 2015. The Asian population has seen a small increase from 13% to 15% over the same period, while the Hispanic population has remained stable at around 12-13%. The Black population has shown a slight increase from 3% to 4%.
Zip code 60108 in Bloomingdale, Illinois, has a modest but significant LIHTC-funded affordable housing presence, covering nearly 2% of the estimated housing inventory. The area has seen two LIHTC projects completed between 2007 and 2010, providing a mix of unit types with a focus on smaller households. While the population has remained relatively stable over the past decade, there has been a general upward trend in median income and slight shifts in racial demographics. These factors, combined with the existing LIHTC inventory, contribute to the affordable housing landscape in this zip code.
