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CRA board approves updated commercial grants policy for standard grants, pauses special projects for cycle planning
Summary
After a lengthy debate over caps, transparency and the role of CACs, the CRA board approved commercial grants policy updates for standard grants (effective in January) while excluding special projects and funding requests so staff can design a cyclical review process and return in February for further guidance.
The Tampa CRA board approved an update to the agency's commercial grants policy for standard grant categories while pausing decisions on larger special projects and funding requests.
Cedric McCray, CRA director, introduced the policy changes that staff developed after public workshops and legal review. Dee Reid, economic development coordinator, walked the board through specific changes: the update applies only to commercial funding; new construction remains limited to infrastructure and affordable housing under state statute; monthly contractor payments are allowed as a payment…
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