The Tacoma Community Redevelopment Authority was created as a public corporation organized pursuant to the ordinances of the City of Tacoma, as existing or as hereafter amended, and pursuant to the Revised Code of Washington. The purpose of the Authority is to provide an independent means of carrying out and administering federal grants or programs pursuant to the provisions of the Housing and Community Development Act of 1974. The Authority is intended to provide increased flexibility and efficiency in administering federal grants and programs, such as the Community Development Block Grant and the HOME Investment Partnerships Grant, and the projects and activities financed from funds derived from such federal programs.
The Tacoma Community Redevelopment Authority Board consists of ten members who are appointed by the Mayor and City Council. The membership term is two years. Composition of membership includes two lawyers, two bankers, two individuals experienced in housing development or contracting, two certified public accountants, and two real estate brokers or agents.
Duties and Responsibilities
The Board administers grants and loans to a variety of clients such as low-income households and families who need help in buying or repairing their homes, multi-family housing developers or owners who provide housing to low-income families, businesses which create jobs or rehabilitate blighted buildings, and non-profit organizations that provide housing and economic development services to the Tacoma community.
Staffing support to the Tacoma Community Redevelopment Authority Board is provided by the Community and Economic Development Department.
Loan Subordination Request
Lenders refinancing a first mortgage loan for a property with a TCRA lien may complete and submit a loan subordination request. Contact Jason McKenzie at (253) 591-5086 for assistance.