# Rio Grande County

### Summary

- **28.2%** share of renter households  
- **48.3%** share of low-income households  
- **33.2%** share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households              | % share   |
|------------------------|-----------|
| Renter households       | 1,300     |
| Homeowner households    | 3,316     |
| **Total households**    | **4,616** |

#### Low-income renter households

| Income Group                | Households | % share   |
|-----------------------------|------------|-----------|
| Extremely low-income (≤30% AMI)  | 123        | 9.5%     |
| Very low-income (31-50% AMI)     | 297        | 22.8%    |
| Low-income (51-80% AMI)          | 208        | 16.0%    |
| **All low-income households (<80% AMI)**  | **628**     | **48.3%** |

#### Rent-burdened households

| Share of income spent on rent | Households | % share   |
|-------------------------------|------------|-----------|
| Moderately rent-burdened      | 284        | 21.8%     |
| 30.0–34.9%                   | 133        | 10.2%     |
| 35.0–39.9%                   | 30         | 2.3%      |
| 40.0-49.9%                   | 121        | 9.3%      |
| Severely rent-burdened       | 148        | 11.4%     |
| **All rent-burdened households** | **432**     | **33.2%** |

### Affordable housing shortage

#### Rent vs median household income

| Year                          | Median household income ($) | Median rent ($) | 
|-------------------------------|-----------------------------|------------------|
| 2010                          | 22,759                      | 997              |
| 2021                          | 30,404                      | 488              |
| **Increase (2010–2021)**    | **33.6%**                  | **-51.1%**      |

#### Affordable housing stock

| Description           | Units                        |
|----------------------|------------------------------|
| Supply (current stock)| 154                          |
| Demand (total units needed) | 361                        |
| **Shortage**         | **262**                      |
| **Supply/Demand Ratio** | **42.7%**                 |

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

| Name                                | Type                    | Year | Zipcode | Units | Income Ceiling | LIHTC Allocation    |  
|-------------------------------------|-------------------------|------|---------|-------|----------------|--------------------|  
| HIGHBRIDGE OVERLOOK                 | New construction         | 2014 | N/A     | 154   | 60% AMI        | $1,804,887         |  
| IRVINGTON FAMILY APTS               | New construction         | 2007 | N/A     | 99    | 60% AMI        | $1,378,252         |  
| HILLTOP VILLAGE                     | New construction - Acquisition and Rehab | 2012 | N/A     | 200   | 60% AMI        | $504,385           |
| HUNTINGTON RESERVE                  | NA                       | 2006 | N/A     | 168   | 60% AMI        | $424,046           |
| HOLT + HAMILTON FAMILY APARTMENTS   | New construction         | 2016 | N/A     | 61    | 60% AMI        | $1,557,010         |
| INTERVALE GARDENS LLC               | New construction         | 2008 | N/A     | 65    | 60% AMI        | $659,087           |
| HOMES OF RENAISSANCE PRESERVE II    | New construction         | 2012 | N/A     | 88    | 60% AMI        | $1,510,000         |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction         | 2013 | N/A     | 39    | 60% AMI        | $674,261           |
| IMPERIAL GARDENS FAMILY APTS        | New construction         | 2009 | N/A     | 76    | 60% AMI        | $1,142,750         |
| HOLLY HEIGHTS I + II APARTMENTS     | Acquisition and Rehab    | 2016 | N/A     | 41    | 60% AMI        | $435,816           |