CRA/LA
facebook frequently asked questions contact us site map
     
About UsMeetings & AgendasDevelopment OpportunitiesProject AreasPoliciesProgramsDocumentsNewsroomWork With CRA/LA
Development Opportunities
Facts At A Glance

DISPOSITION AND DEVELOPMENT AGREEMENT (DDA):
A contract between a developer and the redevelopment agency that involves the sale of agency-owned land. Examples: DDA dated 2/16/88 with the Los Angeles State Building Authority to construct Ronald Reagan Building on Spring and Main streets between Third and Fourth streets. DDA dated 7/13/87 with FIDM Realty Corp. to build educational retail complex at 919 S. Grand on site adjacent to Grand Hope Park open space.

OWNER PARTICIPATION AGREEMENT (OPA):
A contract between a property owner/developer and the redevelop­ment agency to allow for development of property owned by an entity other than the agency, generally the owner/developer.
Examples: OPA assigned 3/8/89 with Ohbayashi America Corp. to develop 37-story office building at 550 S. Hope Street.
OPA dated 8/6/86 with Broadway-Spring Center, a joint venture entity, to construct Biddy Mason Park, a minipark open space fronting Broadway and second phase of the Broadway Spring Center parking and retail facility.
CRA/LA
Request for Development Proposals
CRA/LA periodically issues Requests For Development Proposals on specific sites throughout its seven regions. A Development RFP has a fixed submission date, after which all  proposals are evaluated and ranked. This process often involves significant community input. The staff then recommends one proposal to CRA/LA Board of Commissioners.  Additional development opportunities are available in the individual project area pages. In most project areas, CRA/LA must review and sign off on all building permit applications. Check with regional and project area staff for the requirements specific to that project area.

RFQ - NP-15453, Vermont Manchester Shopping Center - SUSPENSION OF RFQ

Dear Prospective Development Firms/Consultants/Team(s),

Please be advised that in light of recent legislative and court actions regarding Redevelopment Agencies, the Request for Qualifications No. RFQ No. NP-15453, Vermont Manchester Shopping Center has been suspended. We apologize for any inconvenience this may have caused. Thank you for your interest. Shall there be any questions, please contact Blanca Huerta at 213-977-1783

East Valley Region’s Opportunity Sites!
The East Valley Region is a dynamic area of the northeast San Fernando Valley that offers diverse and significant residential and business communities with distinct cultural, historic and community importance. The East Valley Region is comprised of three redevelopment project areas, including North Hollywood, Laurel Canyon, and Pacoima/Panorama City (see attached map), which include the communities of North Hollywood, Panorama City, North Hills, Mission Hills, Arleta, Pacoima, Sun Valley and Sylmar.


New Markets Tax Credit Program
The City of Los Angeles received a $75 million allocation of New Markets Tax Credits (NMTCs) in the 2007 Funding Round. The NMTC program permits investors to receive a credit against federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). The City’s certified CDE will use its tax credit allocation to generate investment capital which will be used to provide flexible financing products to eligible borrowers to build economic development projects throughout the City of Los Angeles.