Downtown Incentives (TIRZ #3) - Historic Preservation

Downtown Incentives (TIRZ #3) - Historic Preservation is sponsored by City of Corpus Christi. This program offers incentives for properties within the Tax Increment Reinvestment Zone #3 (TIRZ #3) in downtown Corpus Christi.

Downtown Incentives (TIRZ #3) | Do Business | Downtown Corpus Christi TIRZ #3 Incentive Programs Using development cost data and market demand data, the City and the DMD worked together to develop seven incentive programs to drive new investment within the TIRZ #3 Zone. The purpose of these programs is to activate vacant buildings and increase the housing supply. Have questions about TIRZ #3?

Contact Jenny Bodwell, Economic Development Manager, at jenny@cctexasdmd. com TIRZ #3 Downtown Incentives Dining, Entertainment, or Mixed-Use Development 1 st Floor, Active Street Location Permanent & Semi-permanent Fixtures Additional Incentive for Landlord or Tenant: Up to 50& Reimbursement ($20,000 limit) for MEP, Environmental Remediation, or Structure. If landlord, tenant must receive 6-month rent abatement.

Up to $10 per sq. /ft.

Reimbursement Grant Targeted Vacant Property Improvement Grant Building Improvement Costs Related to Occupying a Vacant Structure Up to 50/50 Reimbursement Grant Downtown Living Initiative Up to $30,000 Rebate per Multi-family Unit Project Specific Development Agreement Environmental Remediation Public Improvements/Utilities Residential Developments for 10+ Units ($10,000/unit) Up to 75% of the Tax Increment for up to 10 years Streetscape & Safety Improvement Exterior Lights & Cameras (Required) Awning, Signage, Landscaping Exterior Doors and Windows Exterior Cleaning/Paint/Murals Up to 50/50 Reimbursement Grant Mechanical, Electrical, & Plumbing Costs Rooftop Accessibility (Elevators and Stairs) Enclosed Landings, Windows, Doors Up to 50/50 Reimbursement Grant Targeted Office to Residential Conversion Structural (Exterior Walls, Roof, Foundation, Building Core, and Stairwells) Elevator (Cabin Structure, Cable & Hydraulic Systems, and Mechanical or Electrical Systems) Environmental Remediation Parking Garage that Includes a Portion Available for Public Parking Residential Developments for 25+ Units Minimum Improvement Investment amount of $5,000,000 Up to 50/50 Reimbursement Grant Learn the step by step process of using TIRZ incentive programs Schedule a Concept Meeting Email our Economic Development team to get started!

Fill out the application! Governed by a 12 member Board of Directors, the TIRZ #3 is supported by the City's Economic Development staff and the Corpus Christi Downtown Management District (DMD). View the TIRZ Project & Financing Plan Council Member District 1 Council Member District 2 Council Member District 3 Council Member District 4 Council Member District 5 Nueces County Commissioner Precinct 1 Downtown Management District