The text and formatting you see  here is built into a Content Area Widget. You can put a Content Area Widget in any size column of your page template- use them for displaying, and formatting text on a page. They are the most commonly used "Text Areas" BUT there are 3 others you may really like on your pages. 

Accordion Widget

Content Columns Widget

Tabbed Widget

Text Areas are often referred to as a WYSIWYG (What You See Is What You Get) editor. There are 4 Text Area widgets, and throughout the website Text Areas are used for things like the "Details" section of a piece of content like a Calendar Event. 

The content that you add into one of these areas can be reformatted for a number of different uses, but you must adhere to WCAG 2.0 AA compliance while reformatting. This includes the addition of things like: 

• Headings
• Lists
• Links
• Data Tables
• Images
• Documents

You can use the text area in "DESIGN" mode or "HTML"

This is the only widget that allows for "Inline Editing" instead of opening the white wrench icon of the widget