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Affordable Housing Inventory Analysis in Zip Code 81005, Pueblo, Colorado: A Three-Decade Perspective
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 81005 in Pueblo, Colorado, maintains a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 8 total affordable units, all of which are designated as low-income units. Based on the 2022 population of 31,052 and an estimated 11,897 housing units in the zip code, the LIHTC funded affordable housing comprises approximately 0.07% of the estimated housing inventory.
The LIHTC program has supported two projects in this zip code, both completed in 1992. Briarwood Apts Subdivision is the primary contributor to the affordable housing stock, providing all 8 of the low-income units. These units are all three-bedroom apartments, designed to accommodate families or larger households requiring affordable housing.
The 1990s marked the decade with the most LIHTC activity in this zip code, as both projects were completed during this period. This indicates that affordable housing initiatives through LIHTC have been present in the area for approximately three decades.
Over the past decade, zip code 81005 has experienced modest population growth, increasing from 29,827 in 2013 to 31,052 in 2022. The median income has shown variability, rising from $56,424 in 2013 to $59,879 in 2022, with fluctuations in between.
The racial composition of the area has remained relatively stable, with a slight increase in Hispanic population from 43% in 2013 to 47% in 2022, while the White population decreased from 54% to 48% during the same period. The Black, Asian, and multi-racial populations have remained consistent at around 1-2% each.
Despite these demographic shifts, there has not been an expansion of LIHTC projects in the last decade. This could be attributed to various factors, including potential development of affordable housing through other programs or changes in local housing policies and priorities.
Zip code 81005 in Pueblo, Colorado, has a small LIHTC funded affordable housing inventory, consisting of 8 three-bedroom units in one primary project. The affordable housing stock represents a very small fraction of the estimated housing inventory. While the area has seen modest population growth and some income fluctuations over the past decade, there has not been recent LIHTC activity. The demographic changes, including a slight increase in the Hispanic population, have not corresponded with new LIHTC developments in recent years. This analysis provides a snapshot of LIHTC-funded affordable housing in the zip code, though it is important to note that other affordable housing programs may be contributing to the area's overall affordable housing landscape.
