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