Pasadena is now in its fourth decade of active redevelopment. The Pasadena Community Development Commission (PCDC) was established with a mission “To enhance the economic stability of the City through economic development and affordable housing programs.” The PCDC focuses on the identification, development and/or revitalization of commercial and neighborhood project areas within Pasadena. The PCDC is responsible for the activities of seven Redevelopment Project Areas, which generates approximately $29.7 million of tax increment within the boundaries of the Downtown, Lincoln Avenue, Fair Oaks Avenue, Villa-Parke, and Lake/Washington Redevelopment Project areas.