The County established the Redevelopment Agency in 1995. Since then five redevelopment areas have been designated. These areas focus on historic urban residential and commercial centers in the community. Most of these neighborhoods are located within fifteen minutes of downtown Pensacola and offer a range of urban environments from waterfront settings to large tree covered lots and are served by numerous major commercial corridors.
The Agency is tasked with enhancing the quality of life within the five redevelopment areas and Enterprise Zone by encouraging private sector reinvestment, promoting economic development and providing public sector enhancements. This is being accomplished through numerous programs and initiatives available to residents, commercial property owners and tenants living and working within these areas. CRA uses a combination of Tax Increment Financing, Community Development Block Grant and other grant funding sources and partnerships to finance its programs and initiatives.
Currently the CRA is implementing redevelopment plans for the following communities: