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Affordable Housing in Shafter: LIHTC Impact on Oakland Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Shafter, a neighborhood in Oakland, California, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 201 total units, with 167 designated as low-income units. This affordable housing stock plays a crucial role in addressing the community's housing needs.
Based on the estimated 1,503 housing units in the neighborhood (derived from the 2022 population of 3,924 and the national average household size), the LIHTC funded affordable housing units represent approximately 13.4% of the total housing inventory. This percentage approaches the target range of 15-20% for a well-balanced community's affordable housing stock.
The LIHTC program has invested $783,530 in tax credits for affordable housing projects in Shafter. This translates to an average federal funding of approximately $3,898 per unit when divided by the total number of units in LIHTC funded projects. The neighborhood's LIHTC funded housing inventory includes a diverse mix of unit types. There are 4 efficiencies, 12 one-bedroom units, and 41 two-bedroom units. This variety caters to different household sizes and needs within the low-income population.
The primary LIHTC funded project in Shafter is Keller Plaza Apartments, completed in 2012. This project has been providing affordable housing options to the community for over a decade.
Over the past decade, Shafter has experienced demographic shifts that may correlate with its affordable housing landscape. The neighborhood's population has fluctuated, with a notable increase from 3,541 in 2020 to 3,949 in 2021, before slightly decreasing to 3,924 in 2022. This population growth may have increased the demand for affordable housing options.
Median income in Shafter has shown variability, ranging from a low of $78,219 in 2017 to a high of $123,688 in 2021. The most recent data for 2022 shows a median income of $103,140. These fluctuations in income levels could impact the need for affordable housing in the neighborhood.
Racial demographics in Shafter have remained relatively stable over the past decade, with some minor shifts. The white population has decreased slightly from 68% in 2019 to 58% in 2022, while there have been small increases in the Hispanic and multi-racial populations. These changes may influence the diverse needs for affordable housing in the community.
Shafter's LIHTC funded affordable housing inventory, centered around the Keller Plaza Apartments, provides a significant contribution to the neighborhood's housing stock. With 13.4% of the estimated housing units being affordable, the neighborhood is close to meeting the target range for a well-balanced community. The diverse mix of unit types caters to various household needs. While demographic shifts have occurred over the past decade, including population growth and income fluctuations, the LIHTC funded housing continues to play a vital role in addressing the community's affordable housing needs.
