The Oakland Redevelopment Successor Agency, based in Oakland, California, was established to manage the assets and liabilities of the former Oakland Redevelopment Agency following its dissolution in 2011. The Agency’s primary purpose is to fulfill the obligations related to redevelopment bonds, ensuring compliance with state laws while stimulating economic growth in Oakland through urban revitalization and infrastructure projects.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| OAKDEV 4.92% 2035-09-01 USDOakland Redevelopment Successor Agency | United States | 2035-09-01 | 4.916 | 4.31 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Agency has issued various bonds, with significant milestones including the issuance of $150 million in taxable bonds in 2013, aimed at financing affordable housing projects. As of October 2023, current yields on the Agency's bonds are competitive within the industry, reflecting the city's economic recovery. Notably, these bonds come with features such as tax-exempt status for certain investors, enhancing their attractiveness. Recent news highlights the Agency's focus on sustainable developments, further influencing investor interest in its bond offerings.