Loading Content...
Affordable Housing in North Oak Park: LIHTC Project and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Oak Park, a neighborhood in Sacramento, California, had a population of 4,426 in 2022. The area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 20 units, with 19 designated as low-income. This LIHTC-funded housing represents approximately 1.18% of the neighborhood's estimated 1,696 housing units.
The LIHTC program has allocated $209,957 in tax credits to the affordable housing project in North Oak Park, averaging $10,498 per unit in federal funding. Kelsey Village, the sole LIHTC-funded project in the neighborhood, was completed in 2013. This development consists of 18 one-bedroom units and 2 two-bedroom units, primarily serving individuals or small families.
Since Kelsey Village's completion in 2013, North Oak Park has undergone demographic changes. The population has remained relatively stable, ranging between 3,944 and 4,426 residents over the past decade. However, the median income has increased significantly, rising from $37,903 in 2013 to $53,828 in 2022, a growth of 42%.
The racial composition of North Oak Park has also evolved. The white population decreased slightly from 39% in 2013 to 36% in 2022. The Hispanic population experienced the most substantial increase, growing from 20% to 26% during this period. The Asian population rose moderately from 9% to 13%, while the Black population decreased from 21% to 16%.
These demographic shifts, particularly the rising median income, suggest a changing economic landscape in the neighborhood. The increase in Hispanic and Asian populations indicates growing diversity, which may influence future affordable housing needs and planning.
North Oak Park's affordable housing landscape is characterized by a single LIHTC-funded project, Kelsey Village, providing 20 units of affordable housing. This project contributes to the neighborhood's affordable housing stock but represents a small percentage of the estimated total housing inventory. The neighborhood has experienced notable demographic changes since the project's completion in 2013, including a significant increase in median income and shifts in racial composition. These trends may influence future affordable housing needs and development in the area.
