Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jacksonville, Illinois, a city with a population of 18,572 as of 2022, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The inventory consists of 254 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 7,116 units, the LIHTC-funded affordable housing covers approximately 3.57% of the city's housing stock.
Jacksonville has received $1,746,926 in project tax credits from the LIHTC program. With approximately 5 projects, this translates to an average federal funding of $349,385 per project and $6,878 per unit. The city holds 0.22% of the total state funding for LIHTC projects in Illinois.
The first LIHTC project in Jacksonville was completed in 1994 (Pine Ridge Apts), while the most recent project was finished in 2013 (Gilmore Estates). This indicates that affordable housing has been a part of the city's landscape for nearly two decades. The 2000s saw the most affordable housing activity, with three projects completed during this decade: Stonebridge Apts (2003), Knollwood Retirement Center (2004), and The Downtown Commons (2008).
The LIHTC-funded housing in Jacksonville offers a diverse range of unit types. The inventory includes 6 efficiencies, 31 one-bedroom units, 121 two-bedroom units, and 33 three-bedroom units. Two-bedroom units make up the majority of the affordable housing stock, suggesting a focus on accommodating small families or couples.
Over the past decade, Jacksonville has experienced a gradual population decline, decreasing from 20,292 in 2015 to 18,572 in 2022. Despite this trend, the median income has shown an upward trajectory, rising from $47,186 in 2015 to $52,913 in 2022. This increase in median income might indicate a reduced demand for affordable housing among some segments of the population.
The racial composition of Jacksonville has remained relatively stable, with a slight decrease in the white population (from 83% in 2015 to 82% in 2022) and a small increase in the Hispanic population (from 3% to 4%). The black population has decreased slightly from 10% to 8% during this period. The most notable change is in the two or more races category, which increased from 2% to 5% between 2015 and 2022.
Jacksonville's LIHTC-funded affordable housing inventory provides a modest but significant contribution to the city's overall housing stock. The city has maintained a consistent effort in developing affordable housing over two decades, with the most active period being the 2000s. While the population has been declining, the rising median income suggests a potentially changing economic landscape. The racial composition has remained relatively stable, with a slight increase in diversity. These demographic shifts may influence future affordable housing needs and development strategies in Jacksonville.