The Community Redevelopment Agency of the City of Los Angeles (CRA/LA) is a public agency that serves as a catalyst for community growth and prosperity. It lays the groundwork and provides the preconditions that enable private investors to revitalize neglected communities. Its work is authorized by California Community Redevelopment Law (California Health and Safety Code). Since its founding in 1948, it has brought new hope to residents, business owners and others who dream of seeing their communities share in the City’s prosperity. It continues to develop innovative responses to changing economic conditions, with the goal of creating a better quality of life today and for future generations.