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Zephyrhills CRA to propose higher incentive grants to spur downtown investment
Summary
CRA staff proposed raising several CRA incentive amounts — commercial grants from $20,000 to $50,000, residential façade grants to $5,000 and homeowner incentive grants from $5,000 to $10,000 — saying current amounts aren't drawing applicants. Staff will return with formal ordinance/agenda language next month for council action.
At the Oct. 27 meeting the Zephyrhills Community Redevelopment Agency discussed staff's proposal to increase multiple CRA incentive grants to boost use of available funds and stimulate rehabilitation of homes and businesses in the CRA district.
Proposal details: CRA staff presented recommended adjustments: raise the commercial grant from $20,000 to $50,000; increase the small residential façade grant from $2,500 to $5,000; and raise the homeowner incentive grant from $5,000 to $10,000. Staff said grants would remain matching…
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