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
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 96-97Gross 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 96-97Housing 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 % changeTotal 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 IncomeMean 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