The public purpose of the North Miami Beach Community Redevelopment Agency (CRA) is to eliminate and prevent the development or spread of blighted areas, improve property values, improve the public infrastructure, and prevent or reduce incidents of crime. It focuses its redevelopment efforts within the Redevelopment Area, which is approximately 468 acres and includes the center of the North Miami Beach community.
Our goal is to create a prosperous neighborhood for residents and businesses. The NMB CRA offers grant incentive programs that help property and business owners mitigate the costs of exterior and interior improvements. The goal of these grant incentive programs is to attract private investment within North Miami Beach.
Start by determining if your address is located within the NMB CRA zone.
- Façade & Business Site Improvement Program
- Strategic Investment Program (SIP)
- Capital Improvement Grant Program
- Merchant Assistance Grant
- Strategic Investment Streetscape Program (SISP)
- Real Estate Development Accelerator (REDA)
- Paint, Plant & Pave Program
- Wastewater Impact & Connection Fee Assistance Program
This program encourages property and business owners to enhance their existing business sites through exterior improvements. This includes most exterior elements from windows, doors, paint, design elements, etc. The CRA provides 80% of project costs up to a maximum contribution of $20,000 per existent property address with a maximum of 3 addresses.
17040 West Dixie Highway
CRA Incentive Grant Recipient Video
The intent of the SIP program is to serve as a catalyst to stimulate private investment; reduce or eliminate financial gaps in development projects; support the development of new economic generator activities in mixed-use environments/facilities; generate leasing activity for retail and restaurant uses in mixed-use buildings that contain residential uses as well; encourage quality design; and secure key anchor tenants to enhance the marketability of adjacent properties. The maximum amount allotted under this program is up to 50% of project costs up to $250,000 for expenses such as impact/building permit fees; site improvements such as sidewalks, landscaping, signage; building improvements such as facades, awnings, roofs; and tenant improvements.
1901 Northeast 168th Street
This “interest only” program works in conjunction with the lenders and provides 50% of the interest on a loan amortized over a five-year period. The maximum loan amount the incentive will apply against is $350,000. The interest payment amount is intended to reduce the upfront costs of renovation to buildings.
The Merchant Assistance Grant can help retail businesses increase sales and long-term stability by means of financial assistance, training, and merchandising techniques. Eligible applicants may invest in rent, payroll, painting of the interior for a visual impact, purchase of capital equipment or inventory, and more. Approved applicants may receive reimbursement for 50% of their eligible project costs, up to a maximum award of $25,000 per address within the CRA boundaries.
This program is designed to work together with proposed public infrastructure upgrades to create a higher-quality environment and develop a sense of community. Eligible expenses include sidewalk and streetscape improvements or other streetscape elements in a project.
This program is for all major projects that are (usually) ground-up development projects with a financial gap. The minimum amount of investment must be $5 million in construction. The funds for the REDA Program come from new taxes that are generated by the new projects.
Old Town Square Pompano Beach, FL
- $63 million in total investment
- Cumulative TIF projection of $7.8 million over 20 years
- Economic Impact estimated $17 million per year
This program is for residential single-family and up to 4-unit multi-family properties to enhance the aesthetics through curb appeal. Eligible expenses include painting, landscaping, awnings, sidewalks, etc.
The “wastewater system assistance” is intended to improve older properties in the redevelopment area by connecting to the sewer system (“wastewater system”). Applicants should demonstrate how the program assistance will: improve property values; improve public health by eliminating old septic systems; augment business expansion and attraction opportunities; reduce the time for tenants to attain business licenses; and help applicants expand sales revenue, improve competitiveness, or enter new markets.