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Affordable Housing in Fort Collins Zip Code 80526: Analysis of LIHTC-Funded Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 80526 in Fort Collins, Colorado, contains a significant inventory of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. This area has 568 total units in LIHTC-funded projects, with 411 designated as low-income units. Based on the 2022 population of 43,423 and an estimated 16,637 housing units, LIHTC-funded affordable housing comprises approximately 3.4% of the zip code's estimated housing inventory.
LIHTC projects in zip code 80526 have received $1,181,541 in project tax credits, averaging about $2,080 per unit. This zip code holds 0.27% of Colorado's total LIHTC funding, indicating a modest investment in affordable housing for the area.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC project, Willow Grove Village, was completed in 1991, and the most recent, Village On Horsetooth, was finished in 2018. The 1990s saw the most affordable housing development, with five projects completed during that decade, including Rose Tree Village Apts in 1995 and Care Housing At Swallow Rd in 1996.
The LIHTC-funded projects in zip code 80526 offer a diverse range of unit types. The total number of efficiencies is not specified, but there are 64 one-bedroom units, 376 two-bedroom units, 99 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.
Over the past decade, the population in zip code 80526 has remained relatively stable, with a slight decrease from 44,320 in 2018 to 43,423 in 2022. The median income has shown an overall upward trend, rising from $76,506 in 2018 to $77,390 in 2022, with some fluctuations in between.
The racial composition of zip code 80526 has remained largely consistent. The white population comprises the majority at around 81-82% throughout the decade. There has been a slight increase in diversity, with small growth in the Asian population (from 2% to 3%) and those identifying as two or more races (from 2% to 4%). The Hispanic population has remained steady at around 10-12%.
Zip code 80526 in Fort Collins, Colorado, has an established LIHTC-funded affordable housing presence, covering about 3.4% of the estimated housing inventory. The area has seen consistent investment in affordable housing over nearly three decades, with a concentration of development in the 1990s. The housing units offer a range of options, primarily two-bedroom apartments, catering to diverse household needs. The population has remained stable in recent years, with a slight increase in median income and minor shifts in racial diversity. These demographic trends, coupled with the consistent LIHTC investment, suggest an ongoing commitment to maintaining affordable housing options in this zip code.
