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Exhibit 3: Louisville Population Growth, 2011-2022 Source: DOLA 21,500 21,000 20,500 c 0 20,000 m n 19,500 0 a 19,000 A? 18,500 0 18,000 J 17,500 17,000 16,500 I Exhibit 4 shows the change in population from 2011 to 2021 in Louisville. Over this time period, Louisville grew by just under 2,500 residents, or 13%. Of comparison cities, Erie grew at the fastest rate (70%), and Superior grew by the slowest MY Exhibit 4: Change in Population, Louisville and Comparison Geographies, 2010-2021 Source: Colorado Department of Local Affairs Erie 18,432 31,303 12,871 70% Lafayette 24,545 31,035 6,490 26% Longmont 86,526 99,414 12,888 15% Louisville 18,406 20,855 2,449 13% Boulder County 295,605 329,793 34,188 12% Boulder 97,901 106,978 9,077 9% Superior 12,497 13,053 556 4% Population Forecast The Colorado Department of Local Affairs does not provide local population forecasts for cities and towns, only for counties. To create a starting point for understanding future housing need in Louisville, ECONorthwest developed a simple population forecast based on Boulder County's population forecast of 389,233 residents. Assuming Louisville maintains the current percentage of Boulder County's population (6.3%) as it grows, Louisville would grow by 20% from 2023 to 2047, a slightly higher rate than the County overall (17%).3 ECONorthwest's population forecast in this 3 Due to data availability (DOLA only calculates forecasts at the county level), ECONorthwest calculated Louisville's 2047 forecast using 2047 county population estimates and the Louisville's current share of the county population. Louisville Housing Plan Part 2: Housing Needs and Market Assessment 13