UAC CRA Services – Your expert partner in Creation, Compliance and Reporting for Community Reinvestment Agency (CRA) Projects

 

We are pleased to announce the enhancement of the UAC CRA Services program, a specialized division of the Utah Association of Counties (UAC) dedicated to providing comprehensive assistance for the creation and management of Community Reinvestment Agency (CRA) projects.

 

Our team’s extensive knowledge of state and federal laws, expertise in fiduciary obligations, and successful track record in establishing project areas makes us the ideal partner to ensure proper management, accountability, and compliance for your agency.

 

History: UAC has a proven history of closely collaborating with several counties in the successful establishment of CRA projects. Our hands-on experience has enabled us to actively engage in the creation of thriving project areas. In response to recent staffing changes, we are pleased to expand our services to include compliance oversight and reporting services for CRA’s.

 

Objective/Scope of Work: The primary objective of UAC CRA Services, is to assist counties in the creation and management of Community Reinvestment Agency (CRA) projects. We understand the critical importance of upholding your fiduciary obligations throughout the lifecycle of CRA projects, and we are committed to working closely with your entity to ensure adherence to all applicable state and federal laws, regulations, and reporting requirements. Our comprehensive services include, but are not limited to, the following:

 

Creation Services                                                

• Advisory services

• Financial feasibility (tax impact) analysis

• Developer negotiations

• Project participation agreements

• Increment benefit analysis

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Management Services

• Annual reporting

• Fiduciary compliance

• State and Federal compliance monitoring

• TIF policy creation and process review

• Continuing education

           

The scope of work can be customized based on the specific needs and requirements of your CRA, as well as any updates to state and federal regulations governing tax increment financing.

 

Contact Us: The UAC CRA Services team is dedicated to helping your County Redevelopment Agency navigate the regulatory landscape of CRA’s and ensure reporting compliance. Reach out to us today to learn more about our services and how we can support your CRA creation and compliance needs.

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