How TIF Works

The CRA utilizes Tax Increment Financing (TIF) to fuel community-driven change that might not occur otherwise. TIF is the increase in real property tax revenue (after the base year) within the neighborhood. The increase is captured in a fund dedicated to neighborhood improvements, including housing, streets, sidewalks, parks, and other amenities. While some TIFs focus on commercial development, redeveloping downtown areas, tourist attractions, and even suburbs, CRA TIFs are different. These TIFs are guided by the community’s priorities, which provide unique opportunities to partner with organizations, small businesses, and residents to engage in and invest in the community’s revitalization.

The CRA envisions every neighborhood in the City of Memphis and Shelby County providing its residents with a healthy and safe environment, economic opportunity, affordable housing, and excellent quality of life.

CONTACT US

Community Redevelopment Agency
850 N. Manassas
Memphis, TN 38107
Phone: 901-435-6992
Email: info@cramemphis.org

The City of Memphis and Shelby County Community Redevelopment Agency (CRA) is committed to providing equal access to its programs, funding, employment, services, and activities and complies with all applicable Federal and state civil rights laws and enabling regulations. The CRA does not discriminate on the basis of race, color, national origin, religion, sex, familial status, age, disability or any other protected class in admission to its programs, funding, employment, services, or activities; in access to them; in the provision of benefits, or in any aspect of operations.