This is who we are and what we do
The CRA’s main mission is to enhance the quality of life, improve the public health, safety, morals and welfare of the residents and stakeholders in the redevelopment area.
The agency is funded through a unique financing tool called Tax Increment Financing, which earmarks a specific portion of property tax dollars collected by the City of Miami and Miami Dade County. In turn the CRA reinvests these funds back into the redevelopment area by funding various projects that enhance the quality of life for it residents. Such activities include, but are not limited to: infrastructure upgrades, façade improvements, economic development incentive programs to attract new businesses to the redevelopment area and the promotion and support of job creating initiatives.
The agency is governed by a CRA Board, whose members are City of Miami Commissioners. The board’s policies on redevelopment activities are implemented by the Executive Director.