Community Reinvestment Area Tax Abatement

The Community Reinvestment Area (CRA) Commercial Abatement program offers a partial property tax abatement to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in cases where the new or renovated facilities will result in job creation.

Commercial Property Tax Abatement Application

Balanced Development Application

VTICA Policy

Commercial & Residential CRA 101 Video

Tax Increment Financing

Developers making a large-scale investment that requires substantial public improvements may be able to use tax increment financing (TIF) to offset a portion of those costs. The city has 35 tax increment districts and in some cases will create a TIF specific to a project.

Real Estate Financing Gap or Property Sale Assistance

Developers may request general real estate assistance that is outside of a CRA, JCTC or TIF incentive structure. This assistance request may include the purchase of City property or request for City gap financing.

In the Urban Core

Lindsey Florea
Lindsey FloreaDivision Manager
Major Projects Team

Outside the Urban Core

Bob Bertsch
Bob BertschDivision Manager
Economic Development Team

Housing Development

Roy Hackworth
Roy HackworthDivision Manager
Housing Team