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
• Contacts
• Financial Information
• Demographic Information

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