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Affordable Housing in Zip Code 61349: LIHTC Funded Units in Ohio, 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
The zip code 61349 in Illinois, which includes the village of Ohio and surrounding rural areas, contains 28 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units comprise 5.4% of the estimated 518 total housing units in the zip code. The LIHTC program has allocated $26,754 in tax credits for affordable housing projects in this area, averaging $955 per unit.
Two LIHTC funded projects exist in the area: Orchard Grove, completed in 1992, and Ohio Place Apartments, completed in 1995. These developments occurred over a three-year period in the early 1990s. The 28 LIHTC funded units consist of 9 one-bedroom apartments, 10 two-bedroom apartments, and 9 unspecified units, indicating a focus on accommodating small families and individuals.
The population in zip code 61349 has remained relatively stable over the past decade, fluctuating between approximately 1,300 and 1,400 residents. The median income has shown gradual growth, increasing from $56,469 in 2013 to $63,991 in 2022, representing a 13% increase over nine years.
The racial demographics of zip code 61349 have consistently been predominantly white, with over 90% of the population identifying as such throughout the decade. However, a slight increase in diversity has occurred. The Hispanic population grew from 1% to 4% between 2013 and 2022, and the percentage of residents identifying as two or more races increased from 0% to 3% during the same period.
In summary, zip code 61349 maintains a modest LIHTC funded affordable housing inventory, covering approximately 5.4% of the estimated total housing stock. The two LIHTC projects, developed in the early 1990s, provide a mix of one and two-bedroom units. While the population has remained stable, there has been a gradual increase in median income and a slight diversification of the racial composition over the past decade. These demographic trends may influence future affordable housing needs in the area.
