Downtown Hastings
Hastings, Nebraska

Community Redevelopment Authority

Several incentives are available through the Community Redevelopment Authority to assist small businesses and developers within the Central Business District boundaries.

REVOLVING LOAN FUND

The CRA's Revolving Loan Fund (RLF) is used to assist businessses and developers by providing low interest loans for business start-ups, business expansion, building rehabilitation and other designated uses.

MICROENTERPRISE LOAN PROGRAM

The CRA's Microenterprise Program provides business counseling, technical assistance and training for small business owners as well as low interest loans to small businesses with 10 employees or less.

TAX INCREMENT FINANCING

Tax Increment Financing (TIF) is primarily designed to finance the public costs associated with a private development project.  Property tax increases resulting from a new development are targeted to repay the public investment required by a project.  TIF projects may be commercial, residential, industrial, or mixed use. Generally, TIF funds can be used for land acquisition, public improvements and amenities, infrastructure, and utilities.

FACADE IMPROVEMENT PROGRAM

The purpose of the Facade Grant Program is to restore, improve or create historic architectural features to facades of commercial buildings anywhere within the downtown Central Business District.  Applicants may be awarded up to $7,500 for facades, storefronts and awnings or up to $1,000 for signage with a matching dollar for dollar expenditure by the owner/tenant.
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The Community Redevelopment Authority (CRA) was established by the Hastings City Council in March of 1987 and is charged with the conservation and rehabilitation of substandard or blighted areas within the City.  The Authority is a five member board appointed to serve by the Mayor and City Council and may exercise all of the power and authority granted by State Statutes.  The CRA meets the third Thursday of each month at 12:00 noon at the Chamber Development Center located at 301 S. Burlington.  Current Authority members are:

Authority Members Year Appointed Term Expires
Dick Hysell, Chairman  11/01/2012  11/01/2017 
Michael Krings  05/27/2009 11/01/2013
Chuck Niemeyer  08/21/2011 11/01/2015 
Roger Coffman  08/13/2012 11/01/2016 
Rick Klamm  01/25/2013 11/01/2014 

The Authority utilizes several development tools to assist developers with commercial, industrial or residential projects within the thirteen redevelopment areas it serves.  Projects applying for CRA assistance must qualify by meeting certain criteria.

  • The project must be located within an existing redevelopment area or an area eligible for a designation of blight as set forth by State Statute.
  • The project must be located within a redevelopment area prior to the preparation of a Redevelopment Plan.
  • The project must further the objectives of the City's Redevelopment Plan for the area as well as the City's Comprehensive Plan.

Over the past three decades CRA projects have added over $50,000,000 in new valuation to the community and assisted with the construction of over 400 affordable housing units.

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