CRA Tax Increment Financing Program

Tax Increment Financing from the CRA is available to owners/developers who are making improvements totaling a minimum of 50% of the current Assessed Value of their property within the Downtown CRA.  The program provides a reimbursement of tax increment over a five year period following the reassessment of the property based on the improvement.  Application for TIF must be made prior to any permits for redevelopment or development being submitted.

Here is a link to the CRA TIf Application.