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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fort Logan, a neighborhood in Denver, Colorado, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 192 total units, with 191 designated as low-income units. Based on the 2022 population of 14,010 and the national average household size of 2.61, the estimated housing units in the neighborhood are approximately 5,368. LIHTC funded affordable housing represents about 3.6% of the estimated housing inventory in Fort Logan.
The LIHTC projects in Fort Logan have received $302,766 in tax credits, averaging approximately $1,577 per unit in federal funding. Affordable housing development in the neighborhood spans nearly two decades, with the first project completed in 2003 and the most recent in 2019. The 2010s saw the most development activity, with two projects completed during this decade: one in 2013 and another in 2019. The housing stock consists of 18 one-bedroom units, 143 two-bedroom units, and 31 three-bedroom units, indicating a focus on accommodating small to medium-sized families.
Fort Logan has experienced demographic shifts over the past decade. The population has grown slightly from 13,212 in 2013 to 14,010 in 2022. During this period, the median income increased from $72,817 in 2013 to $83,604 in 2022, representing a 14.8% increase. Racial demographics have also changed. The white population, while remaining the majority, decreased slightly from 65% in 2013 to 66% in 2022. The Hispanic population, the second-largest group, decreased from 27% to 24% during the same period. There have been slight increases in the Asian, Black, and multiracial populations.
The completion of two LIHTC projects during this period (2013 and 2019) aligns with the population growth and increasing median income, suggesting efforts to maintain affordable housing options in a potentially gentrifying area.
Fort Logan's LIHTC funded affordable housing inventory represents a small but significant portion of its estimated housing stock. The neighborhood has seen consistent development of affordable housing over nearly two decades, with a focus on two and three-bedroom units suitable for families. While the median income has increased and racial demographics have shifted slightly, the continued development of LIHTC projects indicates ongoing efforts to maintain affordable housing options in the neighborhood. This analysis provides insights into the affordable housing landscape in Fort Logan, though other affordable housing programs may also contribute to the neighborhood's overall affordable housing inventory.