The affordable housing inventory in Rose Garden is predominantly composed of one-bedroom units, accounting for 96% of the total LIHTC-funded units. This unit mix indicates a focus on accommodating smaller households or individuals, particularly seniors, given the nature of the West San Carlos Senior Apartments project.

The Rose Garden neighborhood has experienced demographic shifts over the past decade. The population peaked in 2018 at 27,821 residents but declined to 24,943 in 2022. The median income has shown an overall upward trend, reaching $110,116 in 2022 from $87,312 in 2013.

Racial demographics have evolved during this period. The Asian population increased from 12% in 2013 to 18% in 2022, while the Hispanic population decreased from 39% to 31%. The White population remained relatively stable, increasing slightly from 42% to 44%.

The completion of the West San Carlos Senior Apartments in 2014 coincides with a period of population growth and increasing median income in the neighborhood. This suggests that the LIHTC project was developed in response to growing housing needs, particularly for senior residents, during a time of demographic change and economic growth.

The Rose Garden neighborhood's LIHTC-funded affordable housing inventory, while modest compared to the overall housing stock, provides important low-income housing options. The West San Carlos Senior Apartments, completed in 2014, represents a significant investment in affordable senior housing, reflecting the neighborhood's changing demographics and income levels. The predominance of one-bedroom units in the LIHTC inventory aligns with the needs of smaller households and the senior population. While the affordable housing stock covers only a small percentage of the estimated housing inventory, it offers essential housing options for low-income residents in an area that has experienced overall income growth and demographic shifts over the past decade.