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

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