Last month, we shared a little about the Community Reinvestment Agency (C.R.A.) and its role. This month, I want to dive into where the C.R.A. gets its funding and how it’s used.

When the C.R.A. establishes a project area, it sets the base for property tax revenue. Over the next 20-25 years, any property tax revenue generated over the base amount in the area goes to the C.R.A. The agency must reinvest that money back into the project area. Reinvestment efforts include building and preserving affordable housing, public art and spaces, job opportunities, and more.