Community Redevelopment Agency
The City of Memphis and Shelby County Community Redevelopment Agency (CRA) is a joint government entity administering seven community redevelopment programs within Uptown and Binghampton TIF districts, serving low-income homeowners, commercial property owners, and disinvested Memphis neighborhoods through grants and partnerships.
- Company typePrivate
- Founded2017
- HeadquartersMemphis, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Community Redevelopment Agency does
The Community Redevelopment Agency (CRA), formally the City of Memphis and Shelby County Community Redevelopment Agency, is a joint municipal government entity that administers community redevelopment programs within designated Tax Increment Financing (TIF) districts in Memphis, Tennessee. The agency operates seven core programs organized around a Restore-Reinvest-Reconnect framework: Single Family Home Rehabilitation (grants up to $65,000 per property for low-income homeowners), Good Neighbor Grant (up to $25,000 per commercial property owner), Lots Reimagined (vacant lot revitalization), Essential Housing (affordable housing development and preservation), Brownfield Coalition (environmental remediation), Block Wellness (neighborhood health), and Reconnecting Communities and Neighborhoods (a federally funded program to address Interstate 40 barriers in seven historically African American North Memphis neighborhoods).
The agency's business model relies on TIF property tax increment revenue, federal and state grants (notably a $2,693,160 U.S. DOT Reconnecting Communities and Neighborhoods grant), and appropriations from its parent governments. CRA delivers services directly through grant applications and community partnerships to eligible residents, homeowners, and commercial property owners within the Uptown and Binghampton TIF districts. To date, the agency reports 250 families served via home rehabilitation grants and 300 vacant or abandoned properties restored, supported by 60+ partnerships with neighborhood organizations, developers, and government entities.
CRA has no proprietary technology product; its operating model is community-led planning with community-driven implementation, channeled through partnerships with organizations such as Habitat for Humanity, Pennrose, Promise Development, Downtown Memphis Commission, and Binghampton Development Corporation. The agency is governed by a joint City of Memphis and Shelby County board, with day-to-day operations led by a president, CFO, and program directors. Reach is limited to the Memphis Metropolitan Area, and the agency's competitive position derives from its statutory TIF authority rather than any technology or scalable product.
Community Redevelopment Agency firmographics
Firmographics- Name
- Community Redevelopment Agency
- Legal name
- The City of Memphis and Shelby County Community Redevelopment Agency
- Website
- https://cramemphis.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The City of Memphis and Shelby County Community Redevelopment Agency (CRA) is a joint government entity administering seven community redevelopment programs within Uptown and Binghampton TIF districts, serving low-income homeowners, commercial property owners, and disinvested Memphis neighborhoods through grants and partnerships.
- Ownership category
- akta.pro rank
Community Redevelopment Agency industry classification
Industry- Product category
- Community Redevelopment Services
- NAICS
- Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs, Urban Planning, and Community Development (9251), Community Housing Services (62422), Civic and Social Organizations (813410)
- SIC
- Services-Social Services (8300), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)
- akta.pro secondary industries
- State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH)
Keywords
Where Community Redevelopment Agency is headquartered
LocationHeadquarters
- HQ city
- Memphis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Community Redevelopment Agency business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Infrastructure, Marketing or Sales
Revenue model
- Tax Increment Financing (TIF) Districts: CRA operates through Tax Increment Financing districts where property tax increments are reinvested into blight remediation, neighborhood revitalization, and community development programs.
- Federal and State Grants: The agency receives federal grants such as the $2,693,160 Reconnecting Communities and Neighborhoods (RCN) grant from the U.S. Department of Transportation for infrastructure and neighborhood reconnectivity projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Single Family Home Rehabilitation - Grants up to $65,000 per single-family home for repairs and renovations |
| Other | One time/ perpetual license | Good Neighbor Grant - Maximum $25,000 per project for commercial property improvements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Community Redevelopment Agency product offering
Product offeringCore offering
The Community Redevelopment Agency operates as a joint City of Memphis and Shelby County government entity that delivers grant-funded community development programs within designated Tax Increment Financing (TIF) districts. Its offerings include the Single Family Home Rehabilitation program (grants up to $65,000 per home for low-income homeowners), the Good Neighbor Grant (up to $25,000 per commercial property), housing development through Essential Housing, vacant lot revitalization via Lots Reimagined, brownfield remediation coordination, neighborhood reconnection projects, and community wellness initiatives under a Restore-Reinvest-Reconnect framework.
Product overview
The Community Redevelopment Agency operates as a unified set of community development programs rather than a technology product platform. The agency offers seven distinct programs: Block Wellness, Brownfield Coalition, Essential Housing, Good Neighbor Grant (up to $25,000), Lots Reimagined, Reconnecting Communities and Neighborhoods (RCN grant of $2,693,160), and Single Family Home Rehabilitation (grants up to $65,000). These programs collectively address blight remediation, housing rehabilitation, vacant lot revitalization, and community reconnection through a Restore-Reinvest-Reconnect framework.
Differentiator
Problem solved
Functional benefit
Products and services
- Single Family Home Rehabilitation
Quantifiable outcome
- 250 families have received grants to make their homes safe, warm, or dry
- +2 more outcomes
Companies that use Community Redevelopment Agency
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Community Redevelopment Agency technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Community Redevelopment Agency partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- Shelby CountycoreGovernment partnership with Shelby County for joint community redevelopment initiatives. Shelby County is a founding governmental partner in CRA's TIF district operations.
- City of MemphiscorePrimary government partnership with the City of Memphis for redevelopment agency operations. The CRA Board governs the joint City of Memphis and Shelby County Community Redevelopment Agency.
- Downtown Memphis Commission (DMC)majorPartnership for downtown area redevelopment coordination and alignment of urban development efforts.
- Habitat for HumanitymajorCollaboration on affordable housing development and home construction/rehabilitation programs.
- PennrosemajorPartnership with housing developer for affordable housing development projects in Memphis.
- Promise DevelopmentmajorHousing development partner for redevelopment and community building initiatives.
- Room In The InnminorPartnership for transitional housing and community support services.
- Black SeedsminorCommunity organization partner for neighborhood development initiatives.
- Binghampton Development CorporationmajorPrimary community development partner for Binghampton TIF district implementation.
- BRS, Inc.majorGrant management consultant assisting with DOT grant administration including LOSB utilization tracking, DELPHI eInvoicing, quarterly reporting, and SF forms.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Community Redevelopment Agency competitors and assessment
Company assessmentDirect peers
- Invest Atlanta: Municipal economic development authority for the City of Atlanta that administers TIF districts, housing programs, and small-business grants. Closest functional analog as a city/county hybrid redevelopment authority.
- Downtown Memphis Commission: Memphis-based nonprofit that coordinates downtown economic development, planning, and real estate strategy. Overlaps with CRA's mandate on urban planning, TIF-adjacent redevelopment, and coordination of public-private investment in Memphis neighborhoods.
- Detroit Economic Growth Corporation (DEGC): Public-private partnership that drives economic development and neighborhood revitalization in Detroit. Operates brownfield redevelopment, TIF-adjacent financing, and housing programs comparable to CRA's portfolio.
- Memphis Shelby County Office of Planning and Development: Local government planning body with overlapping jurisdiction on land use, zoning, and housing initiatives. Comparable in function for municipal-level planning and community development coordination.
- Philadelphia Redevelopment Authority: Municipal authority that acquires, assembles, and disposes of vacant and blighted property for redevelopment. Comparable in managing property redevelopment pipelines and community housing initiatives.
- Habitat for Humanity of Greater Memphis: Affordable housing developer and partner executing home construction and rehabilitation. Delivers outcomes directly aligned with CRA's Single Family Home Rehabilitation and Essential Housing programs in Memphis.
- Binghampton Development Corporation: Community development corporation that implements Binghampton TIF district activities on the ground. Functions as a quasi-extension of CRA in Binghampton, handling commercial corridor revitalization and small-business support.
Broad incumbents
- Local Initiatives Support Corporation (LISC): National nonprofit that finances and supports community development organizations, including CRAs and CDCs. Provides capital, technical assistance, and grants that flow to entities like CRA Memphis.
- Enterprise Community Partners: National affordable housing and community development nonprofit that offers financing, development expertise, and policy advocacy. Operates complementary programs to CRA in affordable housing preservation and community development.
Emerging players
- Cuyahoga Land Bank: County land bank that addresses vacant and abandoned property in Cuyahoga County with assembly, rehabilitation, and disposition. Comparable to CRA's Lots Reimagined and vacant property restoration programs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Community Redevelopment Agency social profiles
Digital presenceCommunity Redevelopment Agency financial estimates
Financial estimateRevenue estimate
Valuation estimate
Community Redevelopment Agency leadership team
Management profileNumber of profiles
Profiles12 records
Community Redevelopment Agency funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Community Redevelopment Agency M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Community Redevelopment Agency
What does Community Redevelopment Agency do?
The Community Redevelopment Agency operates as a joint City of Memphis and Shelby County government entity that delivers grant-funded community development programs within designated Tax Increment Financing (TIF) districts. Its offerings include the Single Family Home Rehabilitation program (grants up to $65,000 per home for low-income homeowners), the Good Neighbor Grant (up to $25,000 per commercial property), housing development through Essential Housing, vacant lot revitalization via Lots Reimagined, brownfield remediation coordination, neighborhood reconnection projects, and community wellness initiatives under a Restore-Reinvest-Reconnect framework.
Is Community Redevelopment Agency a public or private company?
Community Redevelopment Agency is a private company. It is classified as state government owned and is currently operating.
When was Community Redevelopment Agency founded?
Community Redevelopment Agency was founded in 2017. It employs 11 to 50 people.
Where is Community Redevelopment Agency based?
Community Redevelopment Agency is headquartered in Memphis, United States, in the North America region.
How does Community Redevelopment Agency make money?
Two revenue lines are on record. Tax Increment Financing (TIF) Districts are the primary driver. The others are federal and State Grants.
Who are Community Redevelopment Agency's main competitors?
Direct peers on record are Invest Atlanta, Downtown Memphis Commission, Detroit Economic Growth Corporation (DEGC), Memphis Shelby County Office of Planning and Development, Philadelphia Redevelopment Authority, Habitat for Humanity of Greater Memphis and Binghampton Development Corporation. Broad incumbents are Local Initiatives Support Corporation (LISC) and Enterprise Community Partners. Cuyahoga Land Bank is listed as an emerging player.
Does Community Redevelopment Agency have an API?
No public API is recorded for Community Redevelopment Agency.
What industry is Community Redevelopment Agency in?
Community Redevelopment Agency's product category is Community Redevelopment Services. Its primary akta.pro industry code is BPAIANAE, Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives), with a secondary code of BPAIABAM, State/Provincial Housing, Urban/Regional Planning & Community Development. Its NAICS code is 925 and its SIC code is 8300.