Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 94611 zip code in Oakland, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 378 total units, with 346 designated as low-income units. Based on an estimated housing inventory of 15,592 units for the zip code, LIHTC-funded affordable housing comprises approximately 2.42% of the area's housing stock.
The LIHTC program has invested $1,741,884 in project tax credits in this zip code. This equates to an average federal funding of $4,608 per unit. The 94611 zip code holds 0.06% of California's total LIHTC funding, indicating a notable concentration of affordable housing resources in this area.
Affordable housing has been present in this zip code since 1990. The earliest recorded project, "296 Mather St," was completed in 1990, while the most recent one, "Piedmont Apts (Oakland)," was finished in 2012. This 22-year span demonstrates a sustained commitment to affordable housing in the area.
The 2010s saw the most affordable housing development activity, with projects like "Fairmount" (2011) and "Piedmont Apts (Oakland)" (2012) being completed. The inventory includes a mix of unit types, with a predominance of one-bedroom units (291), followed by efficiencies (38) and two-bedroom units (29). The "Fairmount" project, completed in 2011, specifically targets the special needs population, highlighting efforts to address diverse housing needs within the community.
Over the past decade, the zip code has experienced a gradual population increase, growing from 37,616 in 2013 to 40,696 in 2022. Concurrently, the median income has risen from $133,680 in 2013 to $155,502 in 2022, reflecting a trend of increasing affluence in the area. The racial composition has remained relatively stable, with a slight decrease in the white population from 65% in 2013 to 61% in 2022, and small increases in Asian and multiracial populations.
The 94611 zip code in Oakland demonstrates a commitment to affordable housing through the LIHTC program. With 378 total units, including 346 low-income units, the area provides housing options for its diverse population. The sustained development of affordable housing over two decades, coupled with recent projects targeting special needs populations, reflects ongoing efforts to address community housing needs. While the area has seen increasing affluence, the continued presence of LIHTC projects underscores the importance of maintaining affordable housing options in this urban environment.