4. Construction & Connection

Community Redevelopment Advisory Board Regular Meeting · 2026-04-23 · agenda_item

The City of Winter Park Community Redevelopment Agency (CRA) is reviewing applications for its Catalyst Development Program (CDP). This program aims to support redevelopment projects that offer long-term community benefits. Projects may involve on-site improvements, streetscape work, and utility line relocation. The program offers financial incentives, including forgivable or low-interest loans, with a maximum of $500,000 per project. Applications are reviewed on a first-come, first-served basis. Approved projects will require competitive bidding for all work, with contractors needing to be licensed and insured. Early participation may offer the greatest financial benefit. Local contractors, suppliers, and service providers are encouraged to connect with potential applicants to understand project needs as plans develop.

maximum incentive per project

500,000 $

minimum total development cost

2.5 million+

minimum development acreage

1 acre

minimum new jobs (high wage)

10 jobs

minimum new jobs (average wage)

25 jobs

incentive per job (high wage)

1,000 - 1,500 $

maximum total incentive over 5 years

500,000 $

incentive payout duration

5 years

carryover balance limit

1 million