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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northstar, a neighborhood in Davis, California, is characterized by a relatively high median income and diverse population. The neighborhood's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 36 total units, all designated as low-income units. This LIHTC-funded housing plays a significant role in the neighborhood's housing landscape.
Based on an estimated 480 housing units in the neighborhood, LIHTC-funded affordable housing represents approximately 7.5% of the total housing stock. This percentage indicates that while LIHTC projects contribute to affordable housing in Northstar, there may be room for additional affordable housing options to meet the typical target of 15-20% of total housing stock.
The LIHTC program has provided $124,092 in tax credits for affordable housing in Northstar. This translates to an average federal funding of about $3,447 per unit. The neighborhood's LIHTC-funded affordable housing is concentrated in a single project, Northstar Apts, which was completed in 1998. This suggests that affordable housing has been a part of the neighborhood's fabric for over two decades.
The Northstar Apts project consists of 36 units, with a mix of one-bedroom (1 unit), two-bedroom (14 units), and three-bedroom (12 units) apartments. This distribution indicates a focus on accommodating small to medium-sized families within the affordable housing inventory.
Over the past decade, Northstar has experienced demographic shifts that may relate to its affordable housing landscape. The neighborhood's population has fluctuated, with an increase from 1,148 in 2019 to 1,293 in 2020, followed by a slight decline to 1,253 in 2022. This population change might indicate evolving housing needs in the area.
Median income in Northstar has shown an overall upward trend, rising from $132,358 in 2017 to $145,236 in 2022, with a peak of $167,625 in 2021. This increasing affluence could potentially impact the demand for affordable housing in the neighborhood.
Racial demographics in Northstar have also shifted over the past decade. The Asian population has increased from 16% in 2013 to 24% in 2022, while the white population has decreased from 67% to 54% during the same period. The neighborhood has also seen slight increases in Black, Hispanic, and multi-racial populations. These changes in racial composition might influence the diverse housing needs of the community.
Northstar's LIHTC-funded affordable housing represents a smaller portion of the neighborhood's housing stock compared to typical targets. The single LIHTC project, Northstar Apts, has been providing affordable housing options since 1998, offering a mix of unit sizes to accommodate various household needs. Despite the neighborhood's relatively high median income, the presence of LIHTC housing suggests a commitment to maintaining some level of economic diversity. The changing demographics, including population fluctuations and increasing racial diversity, may indicate evolving housing needs that could inform future affordable housing initiatives in the area.