The Greenfair Apartments, completed in 2001, is a notable project in the neighborhood. This development has provided affordable housing options for over two decades. The project comprises 386 total units, with 348 one-bedroom apartments and 38 two-bedroom units. This configuration accommodates smaller households and families within the affordable housing framework.

The Fairgrounds neighborhood has experienced demographic shifts over the past decade. The population grew from 55,315 in 2015 to 58,429 in 2022. The median income increased from $66,103 in 2015 to $75,764 in 2022, indicating improved economic conditions for some residents.

The racial composition of the neighborhood has remained relatively stable. The Asian population increased from 30% in 2015 to 35% in 2022, while the white population decreased from 16% in 2015 to 12% in 2022. The Hispanic population maintained a significant presence, representing about 47-49% of the neighborhood throughout the decade.

These demographic trends, including population growth and increasing median income, indicate a continued need for affordable housing options in the Fairgrounds neighborhood. The stable presence of diverse racial groups underscores the importance of maintaining and potentially expanding affordable housing to ensure equitable access for all community members.

The Fairgrounds neighborhood in San Jose has a notable LIHTC funded affordable housing presence, with 386 units primarily concentrated in the Greenfair Apartments project. The current inventory covers a small percentage of the estimated housing stock but represents a significant investment in affordable housing for the community. The neighborhood's demographic trends suggest an ongoing need for affordable housing options. The diverse racial composition of the area emphasizes the importance of maintaining and potentially expanding affordable housing initiatives to serve all segments of the community.