Community Redevelopment

What is a Community Redevelopment Area (CRA)?

CRAs are a common government tool for redevelopment in Florida, and they operate on a budget generated by the increase in property taxes within the areas. Once the CRA is established, a percentage of the increase in real property taxes goes to the CRA. This tax increment is used to fund and finance the redevelopment projects outlined in the Community Redevelopment Plan.

In order to be designated as a redevelopment area, the area must meet the criteria outlined in Chapter 163.340, Florida Statutes. Areas can be designated as blighted if:

• There is a substantial number of slum, deteriorated, or deteriorating structures and conditions that endanger life or property by fire or other causes or one or more of the following factors which substantially impairs or arrests the sound growth of a county or municipality and is a menace to the public health, safety, morals, or welfare in its present condition and use.
  

  
   

• There is faulty or inadequate street layout; inadequate parking facilities; or roadways, bridges, or public transportation facilities incapable of handling the volume of traffic flow into or through the area, either at present or following proposed construction.