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Affordable Housing Impact on Ralph Bunche Neighborhood Demographics: A Decade of Change
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Ralph Bunche neighborhood in Oakland, California, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 89 total units, with 88 designated as low-income units. Based on the 2022 population of 2,457 and utilizing the national average household size, the estimated housing inventory for the neighborhood is approximately 941 units. The LIHTC funded affordable housing represents about 9.5% of the estimated housing inventory in the neighborhood.
The LIHTC program has allocated $770,216 in tax credits for affordable housing projects in the Ralph Bunche neighborhood. This equates to an average of $8,654 in federal funding per unit. The neighborhood's LIHTC funded affordable housing project, Oak Center Homes, was completed in 2013, indicating at least a decade of affordable housing presence in the area.
The Oak Center Homes project offers a range of unit types to accommodate various household sizes. It includes 11 one-bedroom units, 38 two-bedroom units, 33 three-bedroom units, and 7 four-bedroom units. This distribution indicates a focus on providing housing for families of different sizes within the community.
Over the past decade, the Ralph Bunche neighborhood has experienced demographic shifts. The population has increased from 2,390 in 2013 to 2,457 in 2022, indicating a modest growth. Median income has shown substantial growth, rising from $43,447 in 2013 to $65,167 in 2022, representing a nearly 50% increase.
Racial demographics have also changed. The Black population has decreased from 63% in 2013 to 49% in 2022, while the White population has increased from 13% to 17%. The Asian population has more than doubled from 7% to 15%, and the Hispanic population has increased slightly from 10% to 14%. These changes indicate a gradual diversification of the neighborhood's racial composition.
The completion of the Oak Center Homes project in 2013 coincides with the beginning of these demographic shifts, potentially contributing to the neighborhood's changing landscape and providing affordable housing options during a period of rising incomes and increasing diversity.
The Ralph Bunche neighborhood's LIHTC funded affordable housing inventory, covering about 9.5% of the estimated housing stock, provides a significant number of low-income units. The Oak Center Homes project, completed in 2013, offers a range of unit sizes to accommodate diverse household needs. Over the past decade, the neighborhood has experienced population growth, substantial increases in median income, and shifts in racial demographics, with the LIHTC project potentially playing a role in supporting these changes by providing affordable housing options in an evolving community.
