MIAMI HERALD: Miami approves creation of new anti-blight taxing district in West Coconut Grove
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Published on 03/29/2021
Miami commissioners on Thursday approved creation of a new taxing agency in West Coconut Grove, a historically Black neighborhood where proponents aim to spend future tax revenue on affordable housing and economic revitalization.
A 1936 shotgun house on Charles Avenue in west Coconut Grove was one of the 50 wood-frame homes in the historically black neighborhood that had been proposed by the city of Miami for designation as a protected landmark. ANDRES VIGLUCCI MIAMI HERALD
Miami commissioners on Thursday approved creation of a new taxing agency in West Coconut Grove, a historically Black neighborhoodwhere proponents aim to spend future tax revenue on affordable housing and economic revitalization.
The commission unanimously approved creation of the West Grove Community Redevelopment Agency (CRA), a new semi-autonomous arm of the city government meant to fund anti-poverty initiatives using a portion of taxes from the area. Proponents argue that when managed correctly, CRAs can provide seed money that spurs private investment.
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