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REDEVELOPMENT

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					REDEVELOPMENT
  Building Better Communities.
                   REDEVELOPMENT
   Def. — publicly-financed rebuilding of an urban,
    residential or commercial area

                                                        revitalization

               preservation



                                                 Our community
        Provided by the Hollywood Beach CRA




                                              Provided by the Volusia County CRA
        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.
         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
               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.
              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
              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
              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
              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
               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
    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
TAX INCREMENT FINANCING (TIF)

                  Property “A”


     2000                               2005
   Base Year                        $15,000 value
 $10,000 value


                                              Redevelopment
City and County          City and County
                                                Trust Fund
     Receive                  Receive
                                                 Receives
     $11.12                   $11.12
                                                   $5.60
                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
                 [YOUR CRA/COUNTY]
                   REDEVELOPMENT
   Formed in [YEAR]
   [Insert your CRA’s mission
    statement]
   Goals for improvements:
       [1]
       [2]
       [ETC.]
             [YOUR CRA/COUNTY]
               REDEVELOPMENT
   From vision to reality
                    PROJECTS
   [Success Story #1]
   [Describe the project
    and identify why it was
    a success (e.g., created
    130 affordable housing
    units).]
                     PROJECTS
   [Success Story #2]
   [Describe the project
    and identify why it was
    a success.]
                     PROJECTS
   [Success Story #3]
   [Describe the project
    and identify why it was
    a success.]
         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 businesses—300 attendees).]
         COMMUNITY INVOLVEMENT
   [Special Event #2]
       [Describe the event your CRA hosted/sponsored and
        identify why it was a success.]
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
    BENEFITS OF REDEVELOPMENT
   Provides funding for revitalization of rundown urban
    areas
   Encourages private-sector investment
   Provides affordable housing
   Provides incentives to revive downtown




          Provided by the Gainesville CRA
    BENEFITS OF REDEVELOPMENT
   Cleans-up contaminated
    properties and reduces crime
   Brings culture and pride to the
    community

                                         Provided by the Hollywood Beach CRA


                                     Preserves identity of
                                      community
                                     Brings people back to
                                      downtown
      Provided by Inverness CRA
             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]

				
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