Loading Content...
Taylorville's Affordable Housing: LIHTC's Impact on a Predominantly White Illinois City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Taylorville, Illinois, possesses a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 105 units, all designated as low-income. This inventory represents approximately 1.56% of the city's estimated 6,716 housing units, based on the 2022 population.
The city has received $491,272 in project tax credits from the LIHTC program, distributed across approximately 6 projects. This allocation results in an average federal funding of $81,879 per project and $4,679 per unit. Taylorville's share of the total state LIHTC funding is 0.06%, indicating a relatively small portion of Illinois' affordable housing resources.
Taylorville's engagement with LIHTC-funded affordable housing began in 1991 with the North Ridge Apts project and continued until 2006 with the Vandeveer Homes project. This 15-year period demonstrates a sustained commitment to affordable housing development. The 1990s were particularly active, with four projects completed during that decade.
The LIHTC-funded housing stock in Taylorville includes a diverse mix of unit types. The inventory comprises 8 efficiencies, 48 one-bedroom units, 27 two-bedroom units, and 22 three-bedroom units, accommodating various household sizes and needs.
Taylorville's population has fluctuated over the past decade, with a notable increase from 16,101 in 2019 to 17,529 in 2022. The median income has remained relatively stable, ranging from $52,601 to $56,984 during this period. The city has maintained a predominantly white population, consistently above 90%. However, there has been a slight increase in diversity, with the Black population growing from 2% in 2019 to 5% in 2022, and the Hispanic population remaining around 1-2%.
No new LIHTC projects have been recorded in Taylorville in the last decade. This could be attributed to various factors, including changes in funding priorities or shifts in local housing needs.
Taylorville's LIHTC-funded affordable housing inventory represents a consistent effort to provide low-income housing options. The 105 affordable units, distributed across various unit types, cater to different household sizes. The concentration of project development in the 1990s and early 2000s indicates a period of focused affordable housing expansion. While the percentage of LIHTC-funded housing is relatively small compared to the estimated total housing stock, it is important to note that other affordable housing programs may contribute to the city's overall affordable housing landscape. The recent population growth and slight increase in racial diversity may indicate evolving housing needs that could inform future affordable housing strategies in Taylorville.
