Community Reinvestment Areas



Community Reinvestment Areas - Village of New Madison
The Village of New Madison is located in Darke County. According to the 2000 U.S. Census, the Village encompasses .37 square miles and has 817 residents. In spring of 2007, the Village contacted the Center for Public Management for assistance in creating a Community Reinvestment Area program. The Center provided technical assistance during the development and implementation of the Village's CRA program. The Village's CRA program provides real property tax abatements on qualified residential, commercial, and industrial projects within the Village.
Village of New Madison Housing Survey: The Ohio Revised Code requires a community to complete a comprehensive housing survey before passing legislation that approves a CRA program. The housing survey must show sufficient evidence of disinvestment in order for the CRA petition to be approved by the Ohio Department of Development.
Legislation: The Village's enacting legislation was approved by Village Council on May 21, 2007 and reprinted in The Daily Advocate on May 24 and May 31, 2007.		Exemption Worksheet: The exemption worksheet provides much of the project qualification criteria and abatement information found in the enacting legislation in an easy-to-understand format.
Local Projects: Please contact the CPMRA for an update on reinvestment and development projects within the Village of New Madison that have used the CRA program.
For more information on the Village of New Madison's Community Reinvestment Area program, or CRA programs in general, please contact the CPMRA or visit the Center's CRA - General Information webpage.