Daily Archives: January 4, 2016

Century To Consider Forming Community Redevelopment Agency

The Town of Century will early next year consider forming a Community Redevelopment Agency (CRA). Upon declaration of an area as blighted, the CRA works to improve conditions. As property tax values rise, any increase is funneled back into the redevelopment area for further improvements. Additional tax incentive and redevelopment funds are available within a…

Panama City CRA modifies low-income grant requirements

PANAMA CITY — The Panama City Community Redevelopment Agency (CRA) moved Tuesday to loosen the requirements for a residential grant program targeting low-income homeowners. Launched by the agency last year, the pilot program provides 100 percent grants to qualifying residents, while standard CRA grants require owners to pay upfront for improvement projects for which they…