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 CRA Application

CRA Informational Flyer

Balanced Development Application

VTICA Policy

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.

Lindsey Florea
Lindsey FloreaDivision Manager
Economic Development Division
Bob Bertsch
Bob BertschDivision Manager
Neighborhood Division
Roy Hackworth
Roy HackworthDivision Manager
Housing Division