Frequently Asked Questions

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FAQ

Redevelopment Agency : What is a Redevelopment Agency?

The Redevelopment Agency purpose and powers are established in NRS Chapter 279. The Agency serves as the governing board for redevelopment area activity and has the power to: buy private property for resale to another private person or organization; and reallocate property tax "increment" in order to finance a variety of redevelopment activities and projects in a community.

(FAQ3754)