The Redevelopment Works campaign is raising awareness about the importance of Florida’s community redevelopment agencies (CRAs), which serve to revitalize communities. Our CRAs are currently under attack by legislation under consideration in the 2018 session. We are working with legislators to find areas of agreement, and we appreciate their consideration. However, CRAs must be left intact to continue to improve our communities. To ensure forward movement, and not regressive policy development, we’re calling on lawmakers to protect our CRAs.
- Florida’s community redevelopment agencies (CRAs) serve to revitalize communities through projects such as streetscapes and roadway improvements, building renovations, neighborhood parks and more.
- CRAs are created by local governments and funded by tax increment funding, which captures tax revenue from property value increases in a designated area – increases that are the result of effective redevelopment.
- Unfortunately, Florida’s CRAs are currently under attack by proposed legislation that will enact crippling limitations in an attempt to impede the creation of new CRAs and phase out existing programs.
- Florida Senate Bill 432 and Florida House Bill 17 aim to impose a laundry list of limitations that will have an enormous negative impact on the survival of local CRAs.
- Without local CRAs, the progress that has been made in redevelopment will come to a halt; property values will drop, and communities will suffer.
- The Redevelopment Works campaign is working to raise awareness about the importance of Florida’s CRAs to ensure continued progress in community redevelopment.