Financing & Incentives

Commercial Revitalization Program / CRT Special Reduction

The Commercial Revitalization Program (CRP) provides tax incentives through a property tax abatement and Commercial Rent Tax special reduction for nonresidential or mixed-use premises. Applicants are required to make certain minimum expenditures to improve the eligible premises. Tenants who qualify for the CRP abatement are also eligible for a reduction in Commercial Rent Tax (known as the CRT Special Reduction).

CRP one-sheet

Related Documents

CRP one-sheet