Community Reinvestment Area (CRA)
The City of Wickliffe received a Community Reinvestment Area (CRA) certificate from the State of Ohio on June 11, 2019 that designated the entire city as a Community Reinvestment Area. This economic development tool is used to encourage revitalization of both residential and business existing building stock and the development of new structures throughout the city by providing tax abatement incentives. Any property owner meeting the requirements of the CRA program may apply.
For all commercial CRAs, a written agreement between the City of Wickliffe and applicant must be approved prior to any construction occurring on the development project. The CRA Agreement will outline the percentage number of years for which the tax abatement is approved. Wickliffe will negotiate the terms on a case-by-case basis.
Residential CRA Program
Any residential property within the City of Wickliffe is eligible to apply for a CRA. For the purposes of the Wickliffe CRA, structures exclusively used for residential purposes and composed of four (4) and fewer units shall be classified as residential structures. Click on links below for more information and an application for the program.