Calumet City, Illinois, a suburban community south of Chicago, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program consists of 667 low-income units, representing approximately 4.87% of the estimated 13,704 housing units in the city. This inventory has been developed through $2,302,104 in project tax credits, averaging $767,368 per project and $3,451 per unit. Calumet City's share of the total state LIHTC funding is 0.28%, indicating a modest portion of Illinois' affordable housing resources.

The LIHTC program in Calumet City spans over two decades, with the first project, Ginger Ridge, completed in 1999, and the most recent, Victory Centre of Calumet City, finished in 2003. The early 2000s marked the peak of affordable housing development activity in the city. The LIHTC funded housing inventory comprises 89 efficiencies, 296 one-bedroom units, 39 two-bedroom units, and 18 three-bedroom units, suggesting a focus on smaller household sizes.

Calumet City's population has experienced a gradual decline over the past decade, decreasing from 36,974 in 2015 to 35,767 in 2022. Despite this population decrease, the median income has risen from $44,538 in 2015 to $49,767 in 2022, indicating an overall improvement in economic conditions for residents. The racial composition of the city has remained relatively stable, with a predominantly Black population, which has slightly decreased from 73% in 2015 to 71% in 2022. The Hispanic population has seen a modest increase from 13% to 17% during the same period, while the White population has remained relatively constant at around 9-10% of the total population.