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Affordable Housing in Zip Code 61759: Long-Standing LIHTC Project in Minier, 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 61759, located in Minier, Illinois, contains a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. The area has 6 affordable housing units, all of which are designated as low-income units. These units constitute approximately 1.31% of the estimated 458 housing units in the zip code, based on the 2022 population of 1,195 and the national average household size of 2.61.
The LIHTC program has provided $3,380 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of about $563 per unit. The zip code's sole LIHTC-funded project, Country Lane Manor, was completed in 1988, indicating over three decades of affordable housing presence in the area.
Country Lane Manor consists of 6 two-bedroom units, serving small families or individuals requiring additional space. The project does not have a specified target population, suggesting it may accommodate a diverse range of low-income residents.
Over the past decade, the zip code's population has fluctuated, with a general downward trend from 1,533 in 2016 to 1,195 in 2022. Despite this population decrease, median income has shown significant growth, rising from $51,517 in 2017 to $69,259 in 2022. This income increase may indicate a reduced need for additional affordable housing in recent years.
The racial composition of zip code 61759 has remained predominantly white, with a slight increase in diversity. The percentage of white residents decreased from 98% in 2013 to 93% in 2022, while the Hispanic population grew from 1% to 3% during the same period. The area has also seen a small increase in residents identifying as two or more races, reaching 3% in 2022.
Zip code 61759 has a single LIHTC-funded affordable housing project, Country Lane Manor, which has been serving the community since 1988. The 6 low-income units represent a small fraction of the estimated housing inventory, providing affordable housing options for the area. The zip code has experienced population decline and income growth in recent years, which may influence future affordable housing needs. The racial composition has remained predominantly white, with a slight increase in diversity over the past decade.
