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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Arlington Heights, located in Illinois, is a suburban community near Chicago. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 18 total units, all designated as low-income units. This represents approximately 0.06% of the city's estimated housing inventory of 28,432 units.
Arlington Heights has received $662,197 in project tax credits from the LIHTC program for affordable housing. With one project, this translates to an average federal funding of $662,197 per project and $36,789 per unit. The city holds 0.08% of the total state funding for LIHTC projects in Illinois.
The sole LIHTC-funded project in Arlington Heights is Heart's Place, completed in 2019. This project marks the introduction of LIHTC-funded affordable housing in the city. The breakdown of unit types in Heart's Place includes 1 one-bedroom unit and 8 two-bedroom units.
Over the last decade, Arlington Heights has experienced population fluctuations, with the most recent data showing a population of 74,207 in 2022. The median income has increased from $79,940 in 2013 to $113,970 in 2022, potentially indicating a growing need for affordable housing options for lower-income residents.
The racial distribution data from 2022 shows that the city is predominantly white (73%), with Asian (10%), Hispanic (9%), and Black (5%) populations also represented. The introduction of LIHTC-funded housing in 2019 may reflect efforts to maintain diversity and inclusivity in the community as income levels rise.
Arlington Heights has a small but recent LIHTC-funded affordable housing presence, with one project providing 18 low-income units. This represents a small percentage of the city's estimated housing stock but marks the beginning of LIHTC involvement in the community. The rising median income over the past decade suggests a potential increasing need for affordable housing options. The city's racial diversity, coupled with its growing economy, may continue to influence future affordable housing initiatives.