Redevelopment Agency

A Redevelopment Agency is a government organization that focuses on revitalizing specific, often rundown areas within a city or town. Its goal is to improve the community by encouraging new businesses, upgrading infrastructure, and developing affordable housing. These agencies use funds—sometimes from bonds or government budgets—to invest in projects that stimulate economic growth and enhance quality of life. By transforming neglected neighborhoods into vibrant, productive spaces, Redevelopment Agencies help promote sustainable community development and prevent urban decay, benefiting residents, businesses, and the overall city.