Redevelopment

  

  

Redevelopment is a process created by state law to help local governments turn declining areas in their communities around.  As existing buildings are improved or removed and new development comes in, more dollars become available to the City that can then be put back into the community to improve schools, roads, and libraries, and increase public safety.  Through redevelopment, public dollars, time, and energy are focused in these areas to jump-start the revitalization process.  The focused attention helps attract and guide investment back into the community to improve living and working conditions.

  

• Redevelopment Agency (RDA)

• Chula Vista Redevelopment Corporation (CVRC)

• Redevelopment Advisory Committee (RAC)

• Five Year Implementation Plan

• Project Areas

      

  

 Redevelopment Facts & Figures

  

$31.84 billion.  Redevelopments' economic contribution to California in 2003.

  

$14.  Every $1 of redevelopment agency spending generates nearly $14 in total economic activity.

  

310,000.  Full and part time jobs created in just one year (2002-03).

  

More than 80,000 units of affordable housing built or rehabilitated since 1994 by redevelopment agencies.

  

$1.58 billion.  State and local taxes generated through redevelopment construction actvities in 2003.

  

20% of property tax revenues generated from redevelopment activities must be used to increase supply of affordable housing.

  

2nd largest funder of affordable housing in California after the federal government.