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Affordable Housing in Northwest Village: A Two-Decade LIHTC Project Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northwest Village, located in West Sacramento, California, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Savannah At Southport, provides 120 affordable housing units, of which 118 are designated as low-income units. Based on the 2022 population of 12,166 and an estimated 4,661 housing units, the LIHTC-funded affordable housing represents approximately 2.57% of the neighborhood's estimated housing inventory.
The LIHTC project in Northwest Village received $431,048 in tax credits, which equates to an average federal funding of $3,592 per unit. Savannah At Southport was completed in 2004, indicating that affordable housing has been present in the area for nearly two decades. The project offers a diverse mix of unit types, with 23 one-bedroom, 61 two-bedroom, and 36 three-bedroom units, catering to a variety of household sizes.
Over the past decade, Northwest Village has experienced modest population growth, increasing from 10,922 in 2013 to 12,166 in 2022. During this period, the median income has risen from $87,094 in 2013 to $110,732 in 2022, indicating an overall improvement in the economic status of residents. The racial composition of the neighborhood has remained relatively stable, with minor changes in the percentages of white, Hispanic, Asian, and Black populations.
Despite the rising median income, the presence of LIHTC-funded housing suggests a continued need for affordable options in the neighborhood. The lack of new LIHTC projects in the last decade could be attributed to the overall increase in income levels, potentially reducing the perceived need for additional affordable housing units.
Northwest Village's LIHTC-funded affordable housing, while limited to one project, provides an important housing resource for low-income residents. The Savannah At Southport project offers a mix of unit sizes to accommodate various household needs. While the neighborhood has experienced income growth and relative stability in its racial composition over the past decade, the continued presence of this LIHTC project indicates an ongoing need for affordable housing options in the area. The analysis suggests that while the LIHTC program has made a contribution to the neighborhood's affordable housing stock, it represents a small percentage of the overall estimated housing inventory.
