Community Redevelopment Agency

A Community Redevelopment Agency (CRA) is a government organization that focuses on revitalizing neighborhoods and areas needing economic or physical improvement. It uses funds, often generated from property taxes, to finance projects like infrastructure upgrades, building renovations, and community facilities. The goal is to boost local economies, improve living conditions, and attract new businesses and residents. Essentially, a CRA helps transform underdeveloped or declining areas into thriving, attractive communities, benefiting residents while promoting overall urban growth.