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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jewell Heights - Hoffman Heights, a neighborhood in Aurora, Colorado, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 168 total units, with 166 designated as low-income units. Based on the 2022 population of 8,981 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 3,441. The LIHTC funded affordable housing represents about 4.9% of the estimated housing inventory in Jewell Heights - Hoffman Heights.
The LIHTC program has provided $835,250 in tax credits for affordable housing projects in this neighborhood. The average federal funding per unit is approximately $4,971. The neighborhood has seen LIHTC projects spanning nearly two decades, with the first project, Aspen Meadows, completed in 2003, and the most recent, Connections At 6th, finished in 2020.
The 2020s marked the decade with the most recent affordable housing project completion in Jewell Heights - Hoffman Heights. The inventory includes a mix of unit types, with 100 one-bedroom units, 47 two-bedroom units, and 12 three-bedroom units. This range of unit sizes suggests an effort to accommodate various household compositions within the affordable housing stock.
Over the past decade, Jewell Heights - Hoffman Heights has experienced demographic shifts. The population has grown from 8,373 in 2013 to 8,981 in 2022, indicating a steady increase in residents. Median income has risen from $42,315 in 2013 to $54,119 in 2022, suggesting improving economic conditions for some residents.
Racial demographics have shown changes. The Hispanic population, while remaining the largest group, decreased from 54% in 2018 to 43% in 2022. The Asian population increased from 2% in 2013 to 7% in 2022, and the Black population rose slightly from 19% to 20% during the same period. The White population has remained relatively stable, accounting for 23% of the neighborhood in 2022. The completion of the Connections At 6th project in 2020 aligns with these demographic shifts, potentially responding to the growing population and changing community needs.
Jewell Heights - Hoffman Heights demonstrates a modest but significant LIHTC-funded affordable housing presence, covering nearly 5% of the estimated housing inventory. The neighborhood has seen two LIHTC projects completed over a 17-year span, with the most recent addition in 2020. The diverse unit mix suggests an attempt to cater to various household sizes within the low-income population. Demographic trends over the past decade, including population growth, rising median income, and shifting racial composition, provide context for the ongoing need and development of affordable housing in this Aurora neighborhood.