Loading Content...
Affordable Housing in Newhall: LIHTC Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Newhall, a neighborhood in Santa Clarita, California, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area's LIHTC inventory comprises 296 total units, with 293 designated as low-income units. Based on the 2022 population of 46,535 and an estimated 17,830 housing units, the LIHTC-funded affordable housing covers approximately 1.66% of the neighborhood's estimated housing inventory.
The LIHTC program has invested significantly in Newhall, with project tax credits totaling $1,666,894. This translates to an average federal funding of $5,631 per LIHTC unit. The neighborhood's affordable housing history spans nearly two decades, with the earliest recorded project, Canyon Country Senior Apartments, completed in 2003, and the most recent, Three Oaks (formerly Newhall Avenue Apartments), finished in 2016.
The 2010s saw the most recent affordable housing development activity in Newhall. The largest project, Canyon Country Senior Apartments, provides 200 units, including 142 one-bedroom and 58 two-bedroom apartments. Three Oaks contributes an additional 30 units, with a mix of two-bedroom and three-bedroom options. Newehall Terrace rounds out the inventory with 66 units, though specific unit breakdowns are not available.
Over the past decade, Newhall's population has remained relatively stable, fluctuating between 43,000 and 47,000 residents. The median income has shown a consistent upward trend, rising from $77,508 in 2013 to $90,871 in 2022, indicating improving economic conditions for many residents.
Racial demographics have shifted slightly, with the Hispanic population increasing from 42% in 2013 to 49% in 2022, while the White population decreased from 43% to 37% during the same period. Asian and Black populations have remained relatively stable at around 8-9% and 3% respectively.
The lack of new LIHTC projects since 2016 may be attributed to the rising median income and changing demographics. As the neighborhood's overall economic situation improved, the perceived need for additional affordable housing may have decreased. However, rising incomes can also lead to increased housing costs, potentially creating new affordability challenges for some residents.
Newhall's LIHTC-funded affordable housing inventory, while modest in relation to the overall housing stock, provides nearly 300 low-income units. The neighborhood has seen investment in affordable housing over a span of at least 13 years, with projects catering to various needs, including senior housing. While demographic shifts and rising incomes may have influenced recent affordable housing development patterns, the existing LIHTC projects continue to play a crucial role in providing housing options for lower-income residents in this evolving neighborhood.
