Frequently Asked Questions

What is redevelopment? What is blight? What is a redevelopment agency? What are the powers of an agency? What laws govern redevelopment agencies? Why is redevelopment important? What can redevelopment do? Why can't private enterprise do it alone? What is a redevelopment plan? Who adopts the redevelopment plan? What is a project area? What is a project area committee (PAC)? How is redevelopment financed? What is tax increment? Will property taxes be raised? How are other jurisdictions affected by tax increment financing? Why does the agency have the power of eminent domain (condemnation of property)? What is relocation? If a citizen should decide to sell property to the agency, who determines the selling price? How do redevelopment agencies maintain affordable housing? What are inclusionary housing requirements?