Stanford/Adeline

The Stanford-Adeline Project Area was created in the early 70's to address incompatible uses and restructure the Adeline/Stanford intersection. This project was completed in 1987, and all funds are currently being used by the Vacant Housing Acquisition and Rehabilitation Program.

• Description of Project Area
• Contacts
• Financial Information
• Demographic Information

Description of Project Area

Date Created: 1973
Redevelopment Plan Approved: April 10, 1973
Plan Termination Date: January 1, 2009
Subject to 1993 Reforms: No
Tax Increment Revenue Limit: $ 1,625,000
Size: 4 blocks
Location: 59th St. to 62nd St., Sacramento to Adeline

Contacts

Community Economic Development Agency Staff:  

Roy Schweyer
Housing and Community Development Manager
(510) 238-3501
rlschweyer@oaklandnet.com

City of Oakland Stanford Adeline 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 **
Payments to Other Agencies
Set-Asides
Net TIF
	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 **				$18,376	$25,360	$26,501	$96,108	$98,089
Payments to Other Agencies				$0	$0	$0	$0	$0
Set-Asides				$3,675	$5,072	$7,447	$29,793	$31,388
Net TIF				$14,701	$20,288	$19,054	$66,315	$66,701
* Projected in ORA Budget for FY 2003-2005

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
ERAF Shift	$0	$0	$0				$0	$0
Total Set Asides
	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				$3,675	$5,072	$6,625	$24,027	$24,522
ERAF Shift	$0	$0	$0	$0	$0	$822	$5,766	$6,866
Total Set Asides				$3,675	$5,072	$7,447	$29,793	$31,388
* 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)

There is no debt for this project area.

Demographics

	Stanford/Adeline
	1990	2000	% change
Total population	929	1,345	45
Race
% White	14	25
% Black	80	52
% Am. Indian/Alaskan Native	0	0
% Asian/Pacific Islander	5	14
% Other	1	3
% Two or more races	N/A	6
% Hispanic	2	26
Income
Mean Household Income (1999 $)	34,359	41,391	20
% Persons Below Pov.	25	33
Employment
% Labor Force Unemployed	4	5
% 16 yrs+ not in labor force	51	47
Housing
% Owner occupied housing units	28	36
% HH paying > 30% of income for housing	48	52
Mean value of owner occ. housing units (2000 $)	230,472	237,701	3
Educational attainment
% 25 yrs. + with HS deg. or higher	67	69
% 25 yrs. + with bach. deg. or higher	23	28
Source: US Census Bureau, Summary File 3, 1990 and 2000