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Affordable Housing in Zip Code 61301: A Single LIHTC Project's Impact in LaSalle, 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 61301, located in LaSalle, Illinois, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project within its housing inventory. This project, Lasalle Manor, offers 48 units, all of which are designated as low-income units. The LIHTC funded affordable housing represents approximately 1.19% of the estimated 4,049 housing units in the zip code.
The LIHTC project in zip code 61301 received $115,635 in tax credits, averaging $2,409 per unit in federal funding. This allocation constitutes 0.01% of Illinois' total state LIHTC allocation, indicating a relatively small portion of the state's overall affordable housing investment.
Lasalle Manor, completed in 1995, represents both the initial and current extent of LIHTC-funded affordable housing in zip code 61301. This development has provided affordable housing options for nearly three decades. The project includes 3 two-bedroom units and 18 three-bedroom units, suggesting a focus on accommodating families or larger households.
Zip code 61301 experienced population fluctuations over the past decade, with an increase from 9,860 in 2020 to 10,569 in 2022. The median income showed variability, rising from $54,699 in 2020 to $53,577 in 2022.
Racial demographics in zip code 61301 shifted slightly, with the white population decreasing from 76% in 2020 to 74% in 2022. The Hispanic population remained relatively stable at approximately 19-21% during this period. The Black population increased slightly, from 1% in 2020 to 4% in 2022.
These demographic changes in zip code 61301, particularly the slight population increase and relatively stable median income, suggest a continued need for affordable housing options. However, the absence of new LIHTC projects in recent years may indicate that other housing programs or initiatives are addressing affordable housing needs in this zip code.
Zip code 61301 in LaSalle, Illinois, contains a single LIHTC-funded affordable housing project, Lasalle Manor, which has provided 48 low-income units since 1995. This project represents a small portion of the area's estimated housing inventory and state LIHTC allocation. While demographic trends over the past decade suggest a potential ongoing need for affordable housing, the lack of new LIHTC developments may indicate that other housing programs are supplementing the area's affordable housing stock. The existing LIHTC project continues to address the community's housing needs, particularly for larger households given its unit composition.
