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Oak Center
The Oak Center Project Area is one of the original project areas established in Oakland. Located in West Oakland, the purpose of the project area was mainly to rehabilitate a number of old Victorian homes, and raze those that were not able to be rehabilitated. The project area plan is essentially complete. Currently the community is working to establish the district as a historic district.
Description of Project Area
Redevelopment Plan Approved: November 30, 1965
Plan Termination Date: January 1, 2009
Subject to 1993 Reforms: No
Tax Increment Revenue Limit: $12,572,000
Size: 30 Acres
Location (general): 18th St. to 10th St., Mandela Pkwy to I-980
Contacts
Community Economic Development Agency Staff:
Roy Schweyer
(510) 238-3501
rlschweyer@oaklandnet.com
City of Oakland Oak Center webpage
Financial Information
Tax Increment (TIF) Revenue
| |
FY 89-90 |
FY 90-91 |
FY 91-92 |
FY 92-93 |
FY 93-94 |
FY 94-95 |
FY 95-96 |
FY 96-97 |
| Gross TIF ** |
$352,952 |
$375,829 |
$407,964 |
$441,545 |
$447,952 |
$514,993 |
$563,332 |
$601,063 |
| Payments to Other Agencies |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
| Set-Asides |
$70,590 |
$75,166 |
$81,593 |
|
|
|
$112,666 |
$120,213 |
| Net TIF |
$282,362 |
$300,663 |
$326,371 |
|
|
|
$450,666 |
$480,850 |
| |
FY 97-98 |
FY 98-99 |
FY 99-00 |
FY 00-01 |
FY 01-02 |
FY 02-03 |
FY 03-04* |
FY 04-05* |
| Gross TIF ** |
$613,161 |
$610,326 |
$632,223 |
$706,513 |
$771,250 |
$837,490 |
$822,945 |
$843,519 |
| Payments to Other Agencies |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
| Set-Asides |
$122,632 |
$122,065 |
$126,445 |
$141,303 |
$154,250 |
$235,335 |
$255,113 |
$269,926 |
| Net TIF |
$490,529 |
$488,261 |
$505,778 |
$565,210 |
$617,000 |
$602,155 |
$567,832 |
$573,593 |
* Projected in ORA Budget for FY 2003-2005
* *From State Controller “Community Redevelopment Agencies Annual Report” |
Set-Asides
| |
FY 89-90 |
FY 90-91 |
FY 91-92 |
FY 92-93 |
FY 93-94 |
FY 94-95 |
FY 95-96 |
FY 96-97 |
| Housing Set Aside |
$70,590 |
$75,166 |
$81,593 |
$88,309 |
$89,590 |
$102,999 |
$112,666 |
$120,213 |
| ERAF Shift |
$0 |
$0 |
$0 |
|
|
|
$0 |
$0 |
| Total Set Asides |
$70,590 |
$75,166 |
$81,593 |
|
|
|
$112,666 |
$120,213 |
| |
FY 97-98 |
FY 98-99 |
FY 99-00 |
FY 00-01 |
FY 01-02 |
FY 02-03 |
FY 03-04* |
FY 04-05* |
| Housing Set Aside |
$122,632 |
$122,065 |
$126,445 |
$141,303 |
$154,250 |
$209,373 |
$205,736 |
$210,880 |
| ERAF Shift |
$0 |
$0 |
$0 |
$0 |
$0 |
$25,962 |
$49,377 |
$59,046 |
| Total Set Asides |
$122,632 |
$122,065 |
$126,445 |
$141,303 |
$154,250 |
$235,335 |
$255,113 |
$269,926 |
| * Projected in ORA Budget for FY 2003-2005 |
Bonds
No bonds have been secured for this project area.
Total Debt (As of 7/1/2005)
| Total Bonded Debt |
$ 0 |
| Other Debt |
$ 3,452,582 |
| Total Debt |
$ 3,452,582 |
Demographics
| |
Oak Center |
1990 |
2000 |
% change |
| Total population |
3,201 |
4,850 |
52 |
Race |
|
| % White |
7 |
7 |
|
| % Black |
76 |
71 |
| % Am. Indian/Alaskan Native |
1 |
0 |
| % Asian/Pacific Islander |
11 |
8 |
| % Other |
5 |
7 |
| % Two or more races |
N/A |
7 |
| % Hispanic |
8 |
15 |
Income |
|
| Mean Household Income (1999 $) |
26,341 |
32,420 |
23 |
| % Persons Below Pov. |
29 |
27 |
|
Employment |
|
| % Labor Force Unemployed |
17 |
12 |
|
| % 16 yrs+ not in labor force |
51 |
46 |
Housing |
|
| % Owner occupied housing units |
15 |
20 |
|
| % HH paying > 30% of income for housing |
38 |
46 |
|
| Mean value of owner occ. housing units (2000 $) |
214,385 |
244,149 |
14 |
Educational attainment |
|
| % 25 yrs. + with HS deg. or higher |
57 |
67 |
|
| % 25 yrs. + with bach. deg. or higher |
14 |
15 |
| Source: US Census Bureau, Summary File 3, 1990 and 2000 |
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