How CRA/LA Activities Benefit Los Angeles
We help neighborhoods prosper by assisting existing businesses that want to expand and by attracting new businesses, including shops, hotels, offices and industrial users.
We use specially earmarked housing funds from property tax increment in our project areas to create affordable multi-family housing — either by rehabilitating existing structures or building new ones. Our programs have made possible the construction of energy-efficient and smoke-free affordable apartments near public transit. We also create needed housing especially for seniors, for students, and for the homeless.
Some of our developments are planned to incorporate a variety of uses, such as condominiums with ground-floor shops, apartments with community or social services facilities, and entertainment centers with shops, office space and condominiums.
We upgrade streets and sidewalks, street lightning and building exteriors in our project areas. As a result, walking, riding and driving through a neighborhood becomes an easier and more pleasant experience. Public improvements also help neighborhood attract new businesses and keep existing ones.
To boost the overall livability of neighborhoods in our project areas, we improve public services such as transit centers, public libraries and parks. We also have a public art program.