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Tampa CRA adopts housing spending plan and per-unit subsidy matrix to guide affordable housing awards

2123488 · January 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The CRA board allocated 30% of TIF funds across redevelopment districts and adopted a per-unit subsidy matrix with 50-year affordability requirements to standardize how developer requests for CRA housing assistance will be evaluated.

At its Jan. 1 meeting the Tampa Community Redevelopment Agency board voted to program its previously adopted 30% housing allocation across the city’s CRA districts and to adopt a per‑unit subsidy matrix that sets maximum CRA subsidies by household-size/bedroom count and area median income (AMI) bands.

Housing staff presented the board with a district-by-district breakdown of the 30% housing allocations and recommended program buckets — rehabilitation, down-payment assistance (DPA), infill development, unit creation/conversion, and strategic acquisition — so CRA tax-increment funds could be deployed on predictable priorities across CRAs.

B. Parks, identified at the meeting as the CRA community development coordinator, explained the allocations staff proposed: East Tampa roughly $9,000,000; West Tampa about $6,000,000; Drew Park about $3,200,000; Central Park about $597,000; Ybor City about $4,947,000; Tampa Heights about $224,000; Channelside about $10,000,000; and Downtown about $22,000,000. Parks said the 30% allocations had been carried forward from prior years and staff…

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