The Community Reinvestment Area (CRA) Program is an economic development tool administered by the Department of Planning & Community Development (DPCD) that provides real property tax exemptions for property owners who renovate existing or construct new buildings. CRAs are areas of land in which property owners can receive tax incentives for investing in real property improvements.
Questions & Comments:
If you have any questions or comments regarding the Community Reinvestment Area program, please contact the DPCD at 330-848-6729 or firstname.lastname@example.org.
**Before project development, the CRA tax incentive exemption percentage and term are negotiated and finalized between the property owner and the local government authorities.**