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Redevelopment Revenue Bond (RRB)

Information about MRA’s Redevelopment Revenue Bond (RRB) Program.

Coming Soon!

MRA’s Redevelopment Revenue Bond (RRB) Program is a project-specific financing tool designed to help close capital gaps for catalytic redevelopment projects located within designated Metropolitan Redevelopment (MR) Areas.

This program provides fixed-rate capital for qualified redevelopment projects that:

  • Represent a substantial elimination of slum or blight
  • Are catalytic with a sustainable revenue source
  • Produce income to the City, County, and State through property taxes and GRT
  • Directly generate new job opportunities

Additionally, to qualify for an RRB, a project must have a total development value of at least $25 MM. The RRB program can be combined with Tax Increment Financing (TIF) revenue reimbursements or Redevelopment Tax Abatement (RTA).