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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Downtown Santa Barbara, California, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 136 total units in LIHTC-funded projects, with 134 designated as low-income units. This inventory plays a crucial role in addressing the community's housing needs.
Based on the 2022 population of 3,628 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 1,390 units. The LIHTC-funded affordable housing units represent about 9.8% of this estimated housing stock, indicating a substantial contribution to the neighborhood's affordable housing needs.
The LIHTC program has invested significantly in West Downtown Santa Barbara, with project tax credits totaling $1,496,087. This translates to an average federal funding of about $11,000 per unit in LIHTC-funded projects, demonstrating a substantial commitment to affordable housing in the area.
Affordable housing has been a long-standing feature of West Downtown Santa Barbara. The first LIHTC project, 1313 Castillo St, was completed in 1988, while the most recent addition, Bradley Studios, was finished in 2012. This 24-year span showcases the neighborhood's ongoing commitment to affordable housing development.
The 1990s and 2000s were particularly active decades for affordable housing construction in the area. Notable projects include Cottage Gardens Apts (1993) and El Carrillo Apts (2006), contributing to the neighborhood's diverse affordable housing stock.
The LIHTC-funded projects in West Downtown Santa Barbara primarily consist of efficiency units, with 114 such units available. Additionally, there are 2 two-bedroom units, offering some options for slightly larger households. This unit mix suggests a focus on accommodating single individuals or small families in the neighborhood's affordable housing inventory.
Over the past decade, West Downtown Santa Barbara has experienced some demographic shifts. The population has remained relatively stable, with minor fluctuations. The median income has shown some variability, ranging from about $51,000 to $58,000 between 2013 and 2022.
Racial demographics have also shifted. The Hispanic population has increased from 37% in 2017 to 55% in 2022, while the White population decreased from 55% to 38% during the same period. This demographic change might indicate an evolving need for culturally sensitive affordable housing options.
Although no new LIHTC projects have been completed since 2012, the demographic data suggests a continued need for affordable housing. The relatively stable median income and the increase in the Hispanic population, which historically has faced housing challenges, indicate that the existing LIHTC-funded units likely continue to serve an important role in the community.
West Downtown Santa Barbara demonstrates a significant commitment to affordable housing through its LIHTC-funded projects. With 136 total units, representing nearly 10% of the estimated housing stock, these projects play a crucial role in addressing the neighborhood's housing needs. The long-term presence of affordable housing, spanning from 1988 to 2012, reflects a sustained effort to provide housing options for lower-income residents. While no new LIHTC projects have been completed in the last decade, demographic shifts, particularly the increase in the Hispanic population, suggest an ongoing need for affordable housing options. The existing LIHTC-funded units continue to be a valuable asset in maintaining housing accessibility in this dynamic Santa Barbara neighborhood.