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The Provo Redevelopment Agency (PRA) is responsible for applying, recommending, allocation and overseeing the appropriate use of Tax Increment, and State and Federal Funding to improve, rehabilitate and revitalize the CBD and the adjacent Pioneer Neighborhoods and citywide eligible projects. Funds are used to add value to a targeted area by contributing the economic stimulus necessary to leverage public and private investment within targeted areas. The PRA accomplishes this through infrastructure projects, elimination of blight, affordable housing developments and aggregation of properties to allow private investment where market forces are stymied.
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