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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Oak Knoll-Golf Links neighborhood in Oakland, California, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 176 total units in LIHTC-funded projects, with 173 designated as low-income units. Based on the 2022 population of 2,250 and the estimated 862 housing units, LIHTC-funded affordable housing comprises approximately 20.4% of the neighborhood's estimated housing inventory. This percentage indicates a substantial contribution to affordable housing needs in the area.
The LIHTC program has invested $1,034,892 in tax credits for affordable housing projects in Oak Knoll-Golf Links. This equates to an average federal funding of about $5,880 per unit. The neighborhood has experienced LIHTC-funded affordable housing development over nearly three decades, with the first project, Macarthur Blvd, completed in 1989, and the most recent, E.E. Cleveland Manor, finished in 2018.
The 1990s witnessed the most significant development in affordable housing, with the completion of Gatewood Commons in 1998. This project added 120 units to the neighborhood's affordable housing stock, including 118 low-income units. It offers a mix of one-bedroom, two-bedroom, and three-bedroom apartments, accommodating diverse household sizes.
The affordable housing inventory in Oak Knoll-Golf Links is diverse, consisting of 13 efficiencies, 21 one-bedroom units, 68 two-bedroom units, and 36 three-bedroom units. This variety accommodates different household compositions, from individuals to families.
Over the past decade, Oak Knoll-Golf Links has experienced demographic shifts. The population has remained relatively stable, growing from 1,757 in 2013 to 2,250 in 2022. Median income has increased significantly, rising from $78,813 in 2013 to $110,787 in 2022, indicating changing economic dynamics in the neighborhood.
Racial demographics have also evolved. The Black population, while still the largest group, has decreased from 66% in 2013 to 49% in 2022. The Hispanic and White populations have increased, with Hispanics growing from 15% to 19% and Whites from 6% to 17% during the same period. The Asian population has remained relatively stable.
The completion of E.E. Cleveland Manor in 2018 aligns with these demographic shifts, potentially responding to changing housing needs in the neighborhood. This project added 54 units, primarily efficiencies and one-bedroom apartments, which may cater to smaller households or an aging population.
Oak Knoll-Golf Links demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. The neighborhood's affordable housing stock, covering about 20.4% of estimated housing units, aligns with target percentages for balanced communities. The diverse unit types suggest efforts to accommodate various household sizes and needs. The continued development of affordable housing, as evidenced by the 2018 project, shows ongoing efforts to meet evolving community needs. The significant increase in median income over the past decade, coupled with racial demographic changes, presents a complex picture of neighborhood transformation that may influence future affordable housing strategies.