Hooper council votes to create Community Reinvestment Agency amid debate over developer subsidies
The Hooper City Council voted July 16 to create a Community Reinvestment Agency (CRA) to allow future tax-increment financing, after an hour-plus discussion about risks, who pays for infrastructure and whether the city should pre-authorize the tool without a specific project commitment.
The full story
The Hooper City Council voted to create a Community Reinvestment Agency (CRA) on July 16, approving an ordinance that establishes a separate legal entity the city can use later to implement tax-increment financing for redevelopment.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in