Oakley's population has remained relatively stable over the past decade, fluctuating between approximately 2,100 and 2,200 residents. The city's median income has shown an overall increasing trend, rising from $41,631 in 2013 to $49,430 in 2022, with some fluctuations during this period.

The racial demographics of Oakley have remained predominantly white, consistently above 88% throughout the decade. There has been a slight increase in Hispanic representation, growing from 1% in 2013 to 7% in 2022. The city has also experienced a small increase in residents identifying as two or more races, rising from 1% to 3% over the same period.

In summary, Oakley's LIHTC-funded affordable housing inventory consists of a single project with 8 two-bedroom units, completed in 2005. This represents a small portion of the city's estimated housing stock. The city has experienced stable population growth and increasing median income over the past decade, with minimal changes in racial demographics. These factors may influence the perceived need for additional LIHTC-funded affordable housing in the community.