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Affordable Housing in Frick: LIHTC's Three-Decade Impact on Oakland Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Frick, a neighborhood in Oakland, California, has a distinctive affordable housing profile shaped by the Low-Income Housing Tax Credit (LIHTC) program. The program has funded 119 total units in this area, with 118 designated as low-income units. This substantial number of affordable housing units is integral to addressing the neighborhood's housing needs.
Based on the 2022 population of 3,694 and the national average household size of 2.61, an estimated 1,415 housing units exist in the neighborhood. The 118 low-income units funded by LIHTC constitute approximately 8.3% of this estimated housing inventory, indicating a significant contribution to affordable housing in Frick.
The LIHTC program has invested $1,039,346 in tax credits for affordable housing projects in Frick. This amount equates to an average of $8,734 per unit when divided by the total 119 units in LIHTC-funded projects, representing a substantial federal investment in the neighborhood's affordable housing stock.
Affordable housing has been a component of Frick's landscape for over three decades. The initial LIHTC project, Foothill Plaza, was completed in 1988, while the most recent, Foothill Family Apartments, was finished in 2002. This 14-year span demonstrates a sustained commitment to affordable housing in the neighborhood.
The 2000s witnessed the most significant addition to Frick's affordable housing inventory with the completion of Foothill Family Apartments in 2002. This project added 65 units to the neighborhood, including 32 two-bedroom and 33 three-bedroom units, addressing the needs of larger families in the area.
Over the past decade, Frick has experienced demographic shifts. The population has remained relatively stable, fluctuating between 3,000 and 3,700 residents. However, the median income has shown a notable increase, rising from $37,109 in 2014 to $68,319 in 2022. This upward trend in income suggests a changing economic landscape in the neighborhood.
Racial demographics have also evolved. The Black population has decreased from 55% in 2013 to 37% in 2022, while the Asian population has increased from 2% to 14% during the same period. The Hispanic population has remained relatively stable, ranging from 25% to 30%. These changes in racial composition reflect the dynamic nature of the neighborhood.
Despite these demographic shifts, no new LIHTC projects have been completed in Frick since 2002. This could be attributed to various factors, including the existing affordable housing stock meeting current needs or changes in local housing policies and priorities.
Frick's affordable housing landscape is characterized by two LIHTC-funded projects that have provided a significant number of low-income units, representing about 8.3% of the estimated housing inventory. The neighborhood has experienced demographic changes over the past decade, including rising median incomes and shifts in racial composition. While no new LIHTC projects have been completed since 2002, the existing affordable housing continues to play a crucial role in the neighborhood's housing ecosystem. The analysis highlights the long-term impact of LIHTC investments in creating and maintaining affordable housing options in Frick.
