The Southeast Overtown / Park West Community Redevelopment Agency
(“CRA”) is one of three community redevelopment agencies within the
municipal boundaries of the City of Miami. Pursuant to the Community
Redevelopment Act of 1969, the CRA was created in
1982 to undertake activities and projects that would eradicate
conditions of slum and blight. The main objective of
the CRA is to spearhead new development and redevelopment efforts
that accomplish beneficial revitalization within its boundaries.
OUR MISSION:
The CRA’s mission is to enhance the quality of life of residents within the Redevelopment Area by expanding the tax base, creating job opportunities, promoting dynamic economic growth and fostering safe neighborhoods. In furtherance of this mission, the CRA has implemented a variety of new development and redevelopment undertakings, mainly to increase accessibility to quality affordable housing for residents of low and moderate income.
The agency is funded through a unique financing tool called Tax Increment Revenues, which earmarks a specific portion of property tax dollars collected by its taxing authorities (City of Miami, Miami Dade County and the Children's Trust) for reinvestment in the Redevelopment Area.