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CRA [SEE-R-A], noun: A dependent special district in which any future increases in property values are set aside to support economic development projects within that district.
FRA CRA Brochure
Community Redevelopment Agencies: What, When, and How
CRAs, as they are known, are quite common, but often there are many questions in the minds of those who don’t work with them everyday. How are they authorized? Who oversees them? What is involved in their operation? How are they funded? This article is intended to simply answer those questions. It also summarizes the legislation passed in session 2002 relating to CRAs. For further information, please contact Amber Hughes of the Florida Redevelopment Association at firstname.lastname@example.org or call (813) 777-4783.