Loading Content...
Affordable Housing in White Oak: LIHTC Projects and Changing Demographics
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
White Oak, a neighborhood in Campbell, California, contains a notable amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 214 total units, with 213 designated as low-income units. Based on the 2022 population of 6,125 and the national average household size, the estimated number of housing units in White Oak is approximately 2,347. LIHTC funded affordable housing represents about 9.1% of the estimated housing inventory in the neighborhood.
The LIHTC program has invested $865,216 in tax credits for affordable housing projects in White Oak, averaging approximately $4,043 per unit in federal funding. Two notable LIHTC projects in the neighborhood are Craig Gardens and El Parador Senior Apts, both completed in 2002. This indicates that affordable housing has been present in White Oak for at least two decades.
The year 2002 marked the highest number of affordable housing completions in White Oak, with both LIHTC projects finished that year. El Parador Senior Apts is the larger project, offering 125 units, all of which are one-bedroom apartments. Craig Gardens provides an additional 89 units, including 9 one-bedroom apartments. In total, the LIHTC projects in White Oak offer 134 one-bedroom units, primarily serving smaller households or individuals.
White Oak has experienced demographic changes over the past decade. The population increased from 5,868 in 2013 to 6,125 in 2022, a 4.4% growth. Median income rose significantly from $106,971 in 2013 to $127,565 in 2022, a 19.3% increase.
The racial composition of the neighborhood has diversified. The white population decreased from 59% in 2013 to 45% in 2022. Concurrently, the Asian population increased from 13% to 25%, and the Hispanic population grew from 19% to 24%. These demographic shifts may indicate evolving housing needs in the neighborhood.
Despite the rising median income, the presence of LIHTC projects suggests an ongoing need for affordable housing in White Oak. The unchanged number of LIHTC units over the past decade, combined with population growth and increasing income disparity, may indicate a need for additional affordable housing options to accommodate demographic changes.
White Oak's LIHTC funded affordable housing inventory, while significant, comprises less than 10% of the estimated housing stock. The two LIHTC projects, both completed in 2002, provide 213 low-income units, predominantly one-bedroom apartments. Over the past decade, the neighborhood has experienced population growth, substantial median income increases, and increased racial diversity. These demographic shifts, coupled with the static LIHTC inventory, suggest that White Oak may benefit from reassessing its affordable housing needs to ensure alignment with the evolving community demographics.
