CRA Assistance Programs
The Community Redevelopment Agency (CRA) offers several financial assistance programs to enhance residential and commercial properties within the three CRA districts. From forgivable loans to rebates, these initiatives promote neighborhood revitalization and work to preserve the city's character, boost economic development, and enhance community resilience.
Residential Property Improvement Program (RPIP)
Qualified property owners in all CRA districts may apply for forgivable loans through our Residential Property Improvement Program (RPIP) program to repair, restore, and enhance residential properties.
The mission of the RPIP is to keep residents in their homes and to preserve the traditional character of CRA neighborhoods.
Due to high demand, only the Urban Core CRA District is currently open. Get notified when the Westside and Eastside waitlists reopen.
Residential Resiliency Program (RRP)
Available in the Urban Core, Westside, and Eastside redevelopment areas.
Residents can protect and improve their homes by repairing storm damage or securing property against future risks through the Residential Resiliency Program (RRP). Eligible homeowners may qualify for up to $15,000 in assistance through a one-year forgivable loan.
Commercial Property Improvement Program (CPIP)
Available in the Urban Core and Westside redevelopment areas for non-residential properties.
Property owners can enhance their buildings, attract more tenants, and improve their neighborhoods with support from the CRA’s Commercial Property Improvement Program (CPIP).
The program provides forgivable loans to property owners to support eligible improvements, such as:
- Exterior repair and enhancements necessary to restore the building's appearance, integrity, and character.
- Fencing, lighting, landscaping signage, and pavement.
- Other improvements necessary to enhance the street face of the property and provide for conditions that enable use or reuse.
TIF Rebate Incentive
The TIF Rebate incentivizes redevelopment within the City's Redevelopment Areas. This rebate is a payment made to a developer for an established time period that equals a percentage of the tax increment produced by project construction. TIF Rebates are subject to policy guidelines.
Affordable Housing Rebate
The Area Reinvestment Agreement for Affordable Housing (ARA-AH) encourages private developers to build affordable housing aligned with city redevelopment goals. Through this agreement, the CRA can rebate a portion of the increased tax revenue (TIF) that a new project generates, making it more financially attractive for developers.
For information about the Community Redevelopment Agency or if you need assistance subscribing to updates, please email us at CRAdivision@cityofpensacola.com or call 850-436-5640.
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