# Chaffee County

### Summary

27.9% share of renter households

49.0% share of low-income households

45.2% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households            | % share  |
|----------------------|----------|
| Renter households     | 2,384    |
| Homeowner households  | 6,155    |
| Total households      | 8,539    |

#### Low-income renter households

| Households           | % share  |
|---------------------|----------|
| Extremely low-income | ≤30% AMI |
| Very low-income      | 31-50% AMI |
| Low-income           | 51-80% AMI |
| All low-income       | <80% AMI |

| Households  | % share  |
|------------|----------|
| 231        | 9.7%     |
| 136        | 5.7%     |
| 800        | 33.6%    |
| 1,167      | 49.0%    |

#### Rent-burdened households

| Share of income spent on rent | Households | % share |
|-------------------------------|------------|---------|
| Moderately rent-burdened      | 663        | 27.8%   |
| 30.0-34.9%                   | 267        | 11.2%   |
| 35.0-39.9%                   | 97         | 4.1%    |
| 40.0-49.9%                   | 299        | 12.5%   |
| Severely rent-burdened       | 415        | 17.4%   |
| ≥50.0%                       | 415        | 17.4%   |
| All rent-burdened households  | 1,078      | 45.2%   |

### Affordable housing shortage

#### Rent vs median household income

| Year | Median household income | Amount ($) |
|------|------------------------|------------|
| 2010 |                        | 28,483     |
| 2021 |                        | 47,028     |
| Increase (2010–2021) |         | 65.1%     |

#### Median rent

| Year | Median rent | Amount ($) |
|------|--------------|------------|
| 2010 |              | 313        |
| 2021 |              | 977        |
| Increase (2010–2021) |        | 212.1%     |

#### Affordable housing stock

| Supply (current stock) | Demand (total units needed) | Shortage |
|------------------------|----------------------------|----------|
| 153                    | 348                        | 213      |

| Total shortage | Supply/demand ratio |
|----------------|----------------------|
| 213            | 44.0%                |

## **HUD National Low Income Housing Tax Credit (LIHTC) Database**

| Name                               | Type                                      | Year | Zipcode | Income Ceiling | LIHTC Allocation  | Low-income | Amount       |
|------------------------------------|-------------------------------------------|------|---------|----------------|-------------------|------------|--------------|
| HIGHBRIDGE OVERLOOK                | New construction                          | 2014 | 10452   | N/A            | $1,804,887        | 60% AMI    |
| IRVINGTON FAMILY APTS              | New construction                          | 2007 | 94538   | N/A            | $1,378,252        | 60% AMI    |
| HILLTOP VILLAGE                    | New construction - Acquisition and Rehab  | 2012 | 32208   | N/A            | $504,385          | 60% AMI    |
| HUNTINGTON RESERVE                  | NA                                       | 2006 | 32773   | N/A            | $424,046          | 60% AMI    |
| HOLT + HAMILTON FAMILY APARTMENTS  | New construction                          | 2016 | 91768   | N/A            | $1,557,010        | 60% AMI    |
| INTERVALE GARDENS LLC              | New construction                          | 2008 | 10459   | N/A            | $659,087          | 60% AMI    |
| HOMES OF RENAISSANCE PRESERVE II   | New construction                          | 2012 | 33905   | N/A            | $1,510,000        | 60% AMI    |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                       | 2013 | 90018   | N/A            | $674,261          | 60% AMI    |
| IMPERIAL GARDENS FAMILY APTS       | New construction                          | 2009 | 92243   | N/A            | $1,142,750        | 60% AMI    |
| HOLLY HEIGHTS I + II APARTMENTS    | Acquisition and Rehab                    | 2016 | 95490   | N/A            | $435,816          | 60% AMI    |