Facts About BCRDA
THE REDEVELOPMENT AUTHORITY
OF THE COUNTY OF BUCKS IS:
- An agency created by the County of Bucks
- Designed to assist municipal, non-profit corporations and
private investors in the fields of redevelopment and economic development
- A quasi-public agency with the power of eminent domain
allowing acquisition of substandard properties, etc.
- Experienced in applying for and obtaining federal and state
grants and low-interest rate funding which can provide the financial resources necessary
to carry out community development projects
- Interested in assisting communities, non-profit and private
corporations to redevelop former industrial sites and improve housing conditions, upgrade
deteriorated commercial areas, assist in environmental remediation of sites, etc.
THE REDEVELOPMENT AUTHORITY CAN:
- Plan, administer and implement redevelopment and community
improvement projects
- Provide assistance in identifying and obtaining public funding
for industrial, commercial or residential improvements or expansion projects
- With the approval of the local municipality, condemn property
where a local community desires to acquire private property and redevelop strategically
located land for new and more productive land utilization
- Assist communities in all areas of community development or
economic development, etc.
THE REDEVELOPMENT AUTHORITY WILL:
- Respond immediately to requests for assistance from
communities, non-profit and private corporations, and public enterprises desiring
assistance in the fields of public finance, development and redevelopment, etc.
- Identify methods of financing designed to meet the individual
goals and objectives established by communities and appropriate to the site
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