The mission of the Agency is to promote sustainable economic development and community enhancements through partnerships and public/private investment within the Urban Renewal Area.
In Idaho, Urban Renewal and related Tax Increment Financing are the most useful tools available for communities to generate employment opportunities and enhance private investment.
Approximately 40 communities in Idaho have established an Urban Renewal Agency. Idaho Code has very specific requirements for the start-up, oversight and ongoing reporting by the agencies.
Briefly, an Urban Renewal Agency is a quasi-public entity that may help eliminate slum and blight as well as promote economic development through public infrastructure improvements.
Urban Renewal Agencies have a maximum life of 24 years. Our agency began in 2005 and will sunset no later than 2029.