Community Redevelopment Agencies
CS/HB 991 (Giallombardo) and SB 1242 (McClain) require all community redevelopment agencies (CRAs) in existence as of July 1, 2025, to terminate by the earliest charter expiration date or by September 30, 2045. The bills prohibit CRAs from initiating new projects or issuing new debt after October 1, 2025, and prohibit the creation of any new CRAs after July 1, 2025.
SB 1242 was heard Tuesday in the Senate Community Affairs Committee and passed on a vote of 4-3. The House companion, HB 991, was heard Thursday in the House State Affairs Committee and passed on a 17-8 vote. (Cruz)
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