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Affordable Housing in Soscol Gateway South: LIHTC Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Soscol Gateway South, a neighborhood in Napa, California, features a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 49 affordable units, all designated as low-income. Based on the 2022 population of 4,414 and using the national average household size, the neighborhood is estimated to have approximately 1,691 housing units. LIHTC funded affordable housing comprises about 2.9% of the estimated housing inventory in Soscol Gateway South.
The LIHTC program has invested $892,212 in tax credits for affordable housing projects in Soscol Gateway South, averaging $18,208 per unit in federal funding. The neighborhood's sole LIHTC project, the Stoddard West Apartments, was completed in 2019 and accounts for all 49 affordable units in the area.
The Stoddard West Apartments offers a diverse range of housing options: 15 one-bedroom units, 2 two-bedroom units, and 15 three-bedroom units. This variety of unit sizes can accommodate different household compositions, from individuals to small families.
Soscol Gateway South has experienced demographic changes over the past decade. The population increased from 3,627 in 2015 to 4,414 in 2022. Median income fluctuated, peaking at $92,273 in 2021 before decreasing to $79,171 in 2022.
Racial demographics in the neighborhood have shifted. The Hispanic population grew from 28% in 2015 to 36% in 2022, while the White population decreased from 51% to 39% during the same period. The Asian population increased slightly from 13% to 16%. The completion of the Stoddard West Apartments in 2019 coincides with these demographic changes, potentially addressing the evolving housing needs of the neighborhood.
Soscol Gateway South's affordable housing is characterized by the Stoddard West Apartments, which provides 49 low-income units. Although this represents a small percentage of the estimated housing inventory, it significantly contributes to affordable housing in the area. The neighborhood's demographic shifts over the past decade, including population growth and increased diversity, may have influenced the demand for affordable housing options. The variety of unit sizes in the LIHTC project suggests an effort to accommodate different household sizes and compositions within the community.
