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Affordable Housing Trends in Oakland's Highland Terrace: Three Decades of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Highland Terrace, an Oakland, California neighborhood, has a population of 4,371 as of 2022. The neighborhood's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 27 total units, with 15 designated as low-income units. This inventory represents approximately 1.61% of the estimated 1,675 housing units in the neighborhood.
The LIHTC projects in Highland Terrace have received $108,636 in project tax credits, averaging $4,023 per unit across all LIHTC funded projects. The first LIHTC project, the 23rd Avenue Project, was completed in 1988, while the most recent, San Antonio Terrace, was completed in 1991. This indicates that affordable housing has been present in the neighborhood for over three decades.
The 23rd Avenue Project consists of 4 units, all designated as low-income units. San Antonio Terrace has 23 total units with 11 designated as low-income units. The 1980s and early 1990s saw the most affordable housing development activity in Highland Terrace.
Highland Terrace's population has fluctuated over the past decade, increasing from 4,263 in 2013 to a peak of 4,688 in 2018, before declining to 4,371 in 2022. Median income has remained relatively stable, ranging from $48,696 to $55,885 between 2013 and 2022, suggesting a consistent need for affordable housing options.
Racial demographics have shown some shifts. The Asian population has remained the largest group, comprising 42-46% of residents. The Black population has slightly decreased from 21% in 2013 to 18% in 2022, while the Hispanic population has remained relatively stable around 21%. The White population has increased from 9% in 2013 to 11% in 2022.
Highland Terrace's LIHTC funded affordable housing inventory, while small, has been a long-standing component of the neighborhood's housing stock. The two LIHTC projects provide 27 total units with 15 designated as low-income units. This represents a consistent commitment to affordable housing over the past three decades. The neighborhood's demographic trends, including a stable median income and diverse racial composition, suggest an ongoing need for affordable housing options in Highland Terrace.
