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Community Reinvestment Area (CRA)
A Community Reinvestment Area promotes new construction and/or rehabilitation of existing commercial and industrial structures by providing real property tax exemption on new real capital investment.

The objective of the City of Toledo's CRA Program is to promote investment to properties in neighborhoods that have experienced decline resulting from disinvestment.
 
All abatements shall be for 100% of the value of the new improvements as certified for eligibility by the City’s housing officer. However, multi-family and commercial/industrial projects will be subject to a negotiated payment to the school board as determined by a CRA Real Property Tax Abatement Agreement.