REDEVELOPMENT

1
REDEVELOPMENT

• Building Better Communities.

2
REDEVELOPMENT

• Def. publicly-financed rebuilding of an urban,
  residential or commercial area

revitalization
preservation
Our community
3
REDEVELOPMENT ACTIVISTS

• Improve the quality of life and economy for a
  community
• Unite communities
• Include
• Community Redevelopment Agencies (CRA)
• Downtown Development Authorities (DDA)
• Downtown Improvement Authorities (DIA)
• Main Street Programs
• Developers
• Etc.

4
REDEVELOPMENT HISTORY

• Community Redevelopment Act
• Approved by the Florida Legislature in 1969
  (Chapter 163, Part III)
• Assists local governments in eliminating and
  preventing slum and/or blighted conditions
• Allows local governments to create Community
  Redevelopment Areas and Community Redevelopment
  Agencies
• Community Redevelopment Agency (CRA) public
  agency designed to foster redevelopment and
  reinvestment and concentrate on target areas

5
IDENTIFYING A NEED

• Finding of Necessity
• Required in order to create a CRA
• Must designate an area with slum or blighted
  conditions which call for rehabilitation,
  preservation or redevelopment of the area.

6
IDENTIFYING A NEED

• Slum
• Physical or economic conditions conducive to
  dangerous and unhealthy conditions
• Exhibiting a predominance of buildings or
  improvements which are impaired by reason of
  dilapidation, deterioration, age or obsolescence

7
IDENTIFYING A NEED

• Slum (cont.)
• Meeting one or more of the following factors
• Inadequate provision for ventilation
• Over-crowding
• Conditions which endanger life or property

8
IDENTIFYING A NEED

• Blight
• Area including a substantial number of
  deteriorated and deteriorating structures leading
  to economic distress or the endangerment of life
  or property
• Meeting two or more of the following factors
• No increase/decrease in property value
• Faulty lot layout
• Inadequate street layout

9
IDENTIFYING A NEED

• Blight
• Factors (cont.)
• Unsanitary or unsafe conditions
• Deterioration
• Outdated density patterns
• Tax or special assessment delinquency exceeding
  the fair value of the land
• Higher vacancy, emergency and crime rates
• Florida Building Code violations
• Conditions impairing development
• Government-owned property with adverse
  environmental conditions

10
EMINENT DOMAIN

• HB 1567 restricting certain transfers of
  property taken by eminent domain to certain
  natural persons or private entities
• Signed into law by Gov. Jeb Bush on May 11, 2006
• Tool formerly used in redevelopment efforts
• Redevelopment continues

11
TAX INCREMENT FINANCING (TIF)

• Funding mechanism used to provide financial means
  for redevelopment with a CRA
• Redistribution of tax revenues generated from the
  target CRA
• Redevelopment Trust Fund
• Frozen property tax base
• Holds tax revenues due to an increase in value in
  excess of the base year
• Goal Increase property values

12
TAX INCREMENT FINANCING (TIF)
Property A
2005 15,000 value
2000 Base Year 10,000 value
City and County Receive 11.12
City and County Receive 11.12
Redevelopment Trust Fund Receives 5.60
13
CREATING A PLAN

• CRA responsible for creating and implementing
  Community Redevelopment Plan
• Addresses unique needs of area, based on the
  Finding of Necessity
• Blueprint for redevelopment and reinvestment
  within the CRA
• May be updated to meet changing needs
• Unlimited opportunities for improvement

14
YOUR CRA/COUNTY REDEVELOPMENT

• Formed in YEAR
• Insert your CRAs mission statement
• Goals for improvements
• 1
• 2
• ETC.

15
YOUR CRA/COUNTY REDEVELOPMENT

• From vision to reality

16
PROJECTS

• Success Story 1
• Describe the project and identify why it was a
  success (e.g., created 130 affordable housing
  units).

17
PROJECTS

• Success Story 2
• Describe the project and identify why it was a
  success.

18
PROJECTS

• Success Story 3
• Describe the project and identify why it was a
  success.

19
COMMUNITY INVOLVEMENT

• Special Event 1
• Describe the event your CRA hosted/sponsored and
  identify why it was a success (e.g., Food and
  Wine Tasting with Downtown businesses300
  attendees).

20
COMMUNITY INVOLVEMENT

• Special Event 2
• Describe the event your CRA hosted/sponsored and
  identify why it was a success.

21
OBSTACLES FOR REDEVELOPMENT

• Important to local communities and economies, but
  benefits are not well understood.
• Local programs hindered in redevelopment efforts
• Lack of community support for local initiatives
• Difficulty in garnering local elected-official
  support

22
BENEFITS OF REDEVELOPMENT

• Provides funding for revitalization of rundown
  urban areas
• Encourages private-sector investment
• Provides affordable housing
• Provides incentives to revive downtown

23
BENEFITS OF REDEVELOPMENT
24
COMMUNITY SUPPORT

• Community involvement and support are integral to
  the success of local redevelopment efforts.
• Contact the CRA Name
• Visit Insert your address here
• Call Insert your phone number here
• Online Insert your website and/or e-mail
  address here