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Nonprofit Organization Grant Program

  • Nonprofit Organization Grant Program The Boynton Beach CRA is accepting applications for the Non-profit Organization Grant Program (NOGP). Non-profit organizations serving the Boynton Beach community are invited to submit applications for financial assistance with Economic/Business Development programs and activities in the furtherance of the CRA’s Redevelopment Plan.…
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Boynton Beach CRA

How the CRA Works

Under Florida law (Chapter 163, Part III), local governments are able to designate selected portions of a City as Community Redevelopment Areas where slum and blight exist. Examples of conditions that can support the creation of a Community Redevelopment Area include, but are not limited to: the presence of substandard or inadequate structures, a shortage of affordable housing and inadequate infrastructure. The CRA improves deteriorated areas through revitalization efforts which improves the property values within the designated CRA area and increases property tax revenues.

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The Boynton Beach Community Redevelopment Agency is governed by the CRA “Board” consisting of five elected officials. The Community Redevelopment Agency is responsible for developing and implementing the Community Redevelopment Plans that addresses the unique needs of the targeted area. The plan includes the overall goals for redevelopment in the area, as well as identifying the types of projects planned for the area. Examples of projects include: streetscapes; redevelopment incentives for such things as façade improvements and structural improvements; infill housing; downtown and waterfront revitalization. The redevelopment plan is a living document that can be updated to meet the changing needs within the Community Redevelopment Area.

The funding source for CRA redevelopment initiatives is tax increment financing (TIF), a unique tool available to cities and counties for redevelopment activities. It is used to leverage public funds to stimulate redevelopment activity in the targeted area without raising taxes. The dollar value of all real property in the Community Redevelopment Area is determined as of the base year, the year the CRA is established. Taxing authorities, which contribute to the tax increment, continue to receive property tax revenues based on the base year values. Any tax revenues from increases in real property value, referred to as “increment,” are deposited into the Community Redevelopment Agency Trust Fund and dedicated to the redevelopment area. Any funds received from a tax increment financing area must be used for specific redevelopment purposes within the targeted area, according to Florida Statutes. The CRA lifespan is limited according to Florida Statute and after the expiration of the CRA; all revenues (presumably much increased from the start of the CRA) are retained by each taxing entity that contributed to the CRA trust fund.

CRA State Statute   |   CRA City Ordinance  |  Establishing Entity Resolution 

CRA 101 Powerpoint

News Worthy

  • 14 December 2017 - FRA Awards Spotlight: Boynton Beach CRA
    FRA Awards Spotlight: Boynton Beach CRA The Boynton CRA won the 2017 Outstanding New Building Project for 500 Ocean. The 500 Ocean project - located at the southwest corner of Federal Highway and Ocean Avenue on a 4.8-acre parcel - is a mixed-used development with 341 residential units, 13,300 square feet of retail and 6, 600…
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  • 14 December 2017 - Boynton Beach Featured on PBS' On The Town
    On December 6th Public Broadcasting Service (PBS) hosted a premiere event to showcase the Boynton Beach episode of On the Town with host Frank Licari. The episode featured the area’s waterfront dining, Boynton Harbor Marina, Boardwalk Italian Ice & Creamery, Hurricane Alley, Woman’s Club, Troy’s Bar Be Que, waterfront parks,…
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Business Close Up

  • 14 December 2017 - YogaFit Studios Boynton Beach
    YogaFit Studios Boynton Beach Are you like most people, always looking for a new health club, but can’t seem to find a place where you fit in? Look no further, go to YogaFit studios, located at 1517 S. Federal Highway in Boynton Beach. This Studio has all the right tools to get you on…
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Boynton Beach Redevelopment Agency
710 N. Federal Highway, Boynton Beach FL 33435

 

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