The Titusville Community Redevelopment Area (CRA) was established on October 12, 1982 by ordinance 66-1982 by the City Council through an act of the State Legislature. The CRA is a special district that is dedicated to the revitalization of our historic downtown. The CRA seeks to encourage "a vibrant mixed use district that celebrates and reflects ecological and space heritage and culture." The Community Redevelopment Act (Chapter 163, Part III) provides Florida cities with the ability to designate "community redevelopment areas" per Chapter 189 of the Florida Statutes to eliminate slum and blight. Through special funding tools, such as tax increment financing and grants, the CRA is able to complete special projects that include the development of recreation and open space and streetscape improvements. The CRA's fiscal year runs from October 1 to September 30. A copy of the CRA budget can be viewed by clicking the link to the left.
What is Tax Increment Financing?
Tax increment financing provides most of the funding for the CRA. This special funding tool provides all increases in taxes within the CRA beyond the year the CRA was established into a redevelopment fund. The year the CRA was established is the "base year." Any increases in taxes beyond the base year are provided to the redevelopment fund. Therefore, as the property taxes increase due to redevelopment projects, the redevelopment also increases. Tax increment financing is not an additional tax to the property owner.
What else does the CRA entail?
The CRA has design guidelines for new development and rehabilitation. These guidelines regulate façade treatments, infrastructure, landscaping, and site design. All building improvements and site plans must be reviewed by the Community Development Department and all projects of greater than 1.5 acres in property area or 10,001 square feet of building area must be approved by the Community Redevelopment Agency, which includes a public hearing. For more information regarding the guidelines, please contact Tim Ford at (321) 567-3860.
*New* CRA Commercial Interior Building Renovation Incentive Grant Program
The Titusville Community Redevelopment Agency (CRA) has created a Commercial Interior Renovation Incentive Grant Program to assist in the renovation of the interiors of older and historic commercial and mixed-use buildings in the downtown CRA district. The Commercial Interior Building Renovation Program offers financial assistance in the form of a reimbursable, matching (50%) grant to the property owner or business owner for eligible expenses associated with the renovation or rehabilitation of the interior elements of the commercial and mixed use operating space. Items eligible for funding under the program are limited to the following permanent improvements:
Titusville CRA Commercial Interior Building Renovation Incentive Grant Program Guidelines and Procedures
For details about the grant program please see the following:
Titusville CRA Commercial Interior Building Renovation Incentive Grant Program Grant Application
Please contact Tim Ford, Redevelopment Planner at (321)567-3860 or email@example.com with any questions.