Economic Opportunity

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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