Frequently Asked Questions
Below you will find information that might help you understand how to find things or learn about information you might need to know about your city or town.
Community Reinvestment Area (CRA) FAQs - Impact of the Program on the Community
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Community Reinvestment Area (CRA) FAQs - Impact of the Program on the Community
- Aside from the benefit to the property owner, the community will benefit from this program. The improvement of housing stock in the city will increase property values for surrounding residents.
- The local economy is grinding through a workforce shortage that we have never seen. To entice new high-paying jobs to the area, like the ones that would fill Cooper Progress Park, Knox County needs to have an available workforce.
- Lastly, "retail follows rooftops," if folks want to see more restaurants and shopping options, the population needs to be able to support it. So this program could create economic growth while maintaining affordability for homeowners.