The California Redevelopment Act was enacted in 1945, giving local governments the authority to establish Redevelopment Agencies with the task of eliminating blight that impacted development and growth within their communities. The projects established by the Redevelopment Agencies were required to include affordable housing as well as other uses and services to benefit the community in which they were located. As the redevelopment agencies could not impose taxes, they incurred debt to finance their operations. In 1951 the Redevelopment Act was codified and became part of the California Constitution, Article XVI Section 16, and the Health and Safety Code, sections 33000 through 33855. At this time it became known as the California Redevelopment Law. The law authorized the use of property tax increment to repay the debt incurred by the redevelopment agencies. Property tax increment is the amount of property taxes generated on the assessed value increase above the frozen base year assessed value of redevelopment project areas. Under the law, the property tax increment was allocated to the redevelopment agencies rather than to the taxing entities that would have otherwise received the tax revenue.


Following the passage of Assembly Bill 26 on June 29, 2011, and a period of litigation, redevelopment agencies officially dissolved as of February 1, 2012. The legislation mandated that the redevelopment agencies transfer control to the newly created Successor Agencies. Successor Agencies are intended to facilitate the dissolution of the former redevelopment agencies by paying bonds, selling assets, and other authorized actions defined in Health and Safety Code section 34177 et seq. The Successor Agencies will continue to receive the property tax increment until such time that the recognized obligations of the former redevelopment agencies have been met. In addition, an Oversight Board was created for each Successor Agency. The Oversight Boards have fiduciary responsibility to holders of enforceable obligations and the taxing entities that benefit from property tax distributions and other revenue pursuant to Health and Safety Code section 34188.

In accordance with Health and Safety Code section 34179(j), the County of Alameda Oversight Board was established on July 1, 2018, replacing all of the individual oversight boards and having the same fiduciary responsibility.