# Ouray County

### Summary

23.9% share of renter households

45.0% share of low-income households

42.3% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households              | % share  |
|-------------------------|----------|
| Renter households       | 527      | 23.9%   |
| Homeowner households    | 1,677    | 76.1%   |
| Total households        | 2,204    | 100.0%  |

#### Low-income renter households

| Renter households by income group | Households | % share  |
|----------------------------------|------------|----------|
| Extremely low-income ≤30% AMI    | 114        | 21.6%    |
| Very low-income 31-50% AMI       | 58         | 11.0%    |
| Low-income 51-80% AMI            | 65         | 12.3%    |
| All low-income households <80% AMI| 237        | 45.0%    |

### Rent-burdened households

| Share of income spent on rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 63         | 12.0%    |
| 30.0–34.9%                    | 17         | 3.2%     |
| 35.0–39.9%                    | 6          | 1.1%     |
| 40.0-49.9%                    | 40         | 7.6%     |
| Severely rent-burdened        | 160        | 30.4%    |
| ≥50.0%                        | 160        | 30.4%    |
| All rent-burdened households   | 223        | 42.3%    |

### Affordable housing shortage

| Housing Category                     | Amount ($) | Year  |
|-------------------------------------|------------|-------|
| Median household income              | 42,727     | 2010  |
| Median household income              | 61,116     | 2021  |
| Increase (2010–2021)                | 43.0%      |       |
| Median rent                         | 1,025      | 2010  |
| Median rent                         | 1,069      | 2021  |
| Increase (2010–2021)                | 4.3%       |       |

| Supply, demand & shortage             | Units     |
|---------------------------------------|-----------|
| Supply (current stock)               | 2,180     |
| Demand (total units needed)          | 158       |
| Shortage                              | -1,819    |
| total shortage                        | -1,819    |
| supply/demand ratio                  | 1379.7%   |

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

| Name                                 | Type                              | Year | Zipcode | Income Ceiling | Number of Units | LIHTC Allocation | Amount      |
|--------------------------------------|-----------------------------------|------|---------|----------------|-----------------|------------------|-------------|
| HIGHBRIDGE OVERLOOK                  | New construction                   | 2014 | N/A     | N/A            | 1               | N/A              | $1,804,887  |
| IRVINGTON FAMILY APTS                | New construction                   | 2007 | N/A     | N/A            | 1               | N/A              | $1,378,252  |
| HILLTOP VILLAGE                      | New construction - Acquisition and Rehab | 2012 | N/A     | N/A            | 1               | N/A              | $504,385    |
| HUNTINGTON RESERVE                   | NA                                | 2006 | N/A     | N/A            | 0               | N/A              | $424,046    |
| HOLT + HAMILTON FAMILY APARTMENTS    | New construction                   | 2016 | N/A     | N/A            | 1               | N/A              | $1,557,010  |
| INTERVALE GARDENS LLC                | New construction                   | 2008 | N/A     | N/A            | 1               | N/A              | $659,087    |
| HOMES OF RENAISSANCE PRESERVE II     | New construction                   | 2012 | N/A     | N/A            | 0               | N/A              | $1,510,000  |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                   | 2013 | N/A     | N/A            | 1               | N/A              | $674,261    |
| IMPERIAL GARDENS FAMILY APTS         | New construction                   | 2009 | N/A     | N/A            | 1               | N/A              | $1,142,750  |
| HOLLY HEIGHTS I + II APARTMENTS      | Acquisition and Rehab             | 2016 | N/A     | N/A            | 1               | N/A              | $435,816    |
|... (truncated for brevity)          |                                    |      |         |                |                 |                  |             |

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