Oakman, Alabama, a town with a population of 3,430 as of 2022, has 42 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units constitute 3.2% of the estimated 1,314 housing units in the town. The LIHTC program has provided $85,834 in project tax credits for affordable housing in Oakman, representing 0.05% of Alabama's total LIHTC funding. This funding translates to an average of $85,834 per project and $2,044 per unit.

The Oaks Apartments, completed in 2015, is the primary LIHTC project in Oakman. This development has provided affordable housing in the town for at least seven years. The 2010s saw the highest number of affordable housing project completions in Oakman. The LIHTC-funded units in the town consist of 8 one-bedroom units, 24 two-bedroom units, and 1 three-bedroom unit.

Oakman's population has shown a slight increase from 3,201 in 2010 to 3,430 in 2022. The median income in 2022 was $50,641, having fluctuated over the past decade. The town's racial composition has remained predominantly white, consistently above 90%, with a slight increase to 97% in 2022. The development of the Oaks Apartments in 2015 coincided with a period of population growth and relative income stability, suggesting a response to the community's growing need for affordable housing options.