In October of this year, Santa Clarita opened its first affordable housing apartment. This comes as an encouraging sign for Valencia residents and the cities governing authorities. Tens of thousands of people live in the Valencia area and more are moving every week. This means that housing prices have continued to climb as the city’s population grows.
The increasing housing market has put a strain on lower income families. Home prices from 20 years ago have almost tripled, leaving lower income workers straining to find a place in the Santa Clarita Valley. However, these affordable housing apartments are the first step in the right direction towards a diverse Santa Clarita population.
An average two-bedroom apartment in the SCV area goes for $1,970 a month. The average size of one of these apartments is 1,000 sq. ft. This means that a one-bedroom apartment in Santa Clarita costs $1.97 cents per foot. However, the affordable apartment complex drastically lowers that price point.
The Three Oaks apartment complex (the new affordable housing apartments) is composed of 21 2-bedroom apartments and 9 3-bedroom apartments. Rent for the 2-bedroom apartments starts at $553 a month, with the smallest apartment putting up 907 sq. feet. This means that the cheapest apartment at Three Oaks ends up being $0.60 cents per foot. This is three times less than the average two-bedroom apartment in Valencia! This complex is certainly more affordable than other local housing options.
Every unit has free Internet access, a storage locker, parking space, and a patio or balcony. The community also houses a playground, a picnic and barbeque area, and a 1,600 square-foot community center. Three Oaks residents also have access to adult education classes, crisis intervention, and healthcare through the Hope Through Housing Foundation, individualized case management, youth services, and adult workshops.
This new apartment complex looks to be a major success for the city of Santa Clarita. Hopefully, Valencia will continue to offer affordable housing to lower income families who are thinking of moving.
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