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Affordable Housing in Robertson Ranch: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Robertson Ranch, located in Carlsbad, California, contains one Low-Income Housing Tax Credit (LIHTC) funded project. This project, known as Glen Ridge Apartments, provides 78 affordable housing units, of which 77 are designated as low-income. The LIHTC-funded affordable housing comprises approximately 8.1% of the neighborhood's estimated 968 housing units.
The LIHTC program has invested $947,397 in tax credits for affordable housing in Robertson Ranch. This equates to an average federal funding of $12,146 per unit in the LIHTC-funded project. Glen Ridge Apartments, completed in 2008, represents the sole LIHTC project in the neighborhood, establishing over a decade of affordable housing presence in the area.
Glen Ridge Apartments offers a variety of unit types, including 17 one-bedroom, 29 two-bedroom, and 32 three-bedroom units. This distribution accommodates various household sizes, ranging from individuals to families. The project does not include efficiency units or four-bedroom units.
Robertson Ranch has experienced significant demographic changes over the past decade. The population has increased from 1,159 in 2015 to 2,527 in 2022, indicating rapid growth. Median income has fluctuated, reaching a peak of $155,555 in 2017 before decreasing to $100,049 in 2022. These changes suggest a potential increase in demand for affordable housing options.
The racial composition of the neighborhood has also undergone considerable shifts. The proportion of Asian residents increased from 13% in 2015 to 19% in 2022, while the Hispanic population grew from 17% to 23% during the same period. The white population decreased from 68% to 49%, indicating a trend towards greater diversity. These demographic shifts may influence future affordable housing needs in the area.
The LIHTC-funded affordable housing in Robertson Ranch, represented by Glen Ridge Apartments, contributes significantly to the neighborhood's housing diversity. While it accounts for about 8.1% of the estimated housing stock, the rapid population growth and evolving demographics suggest a potential need for additional affordable housing options. The mix of unit types in the existing project accommodates various household sizes, but the changing population dynamics may necessitate reassessment of affordable housing needs in the future.
