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 Boundary Map
TIRZ #3 Downtown Incentives
Qualifying Categories
- Dining, Entertainment, or Mixed-Use Development
- 1st Floor, Active Street Location
- Permanent & Semi-permanent Fixtures
- Currently Vacant
- 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.
Possible Incentive:
- Up to $10 per sq./ft. Reimbursement Grant
Qualifying Categories
- Building Improvement Costs Related to Occupying a Vacant Structure
Possible Incentive:
- Up to 50/50 Reimbursement Grant
Qualifying Categories
- 3+ unit Development
Possible Incentive:
- Up to $30,000 Rebate per Multi-family Unit
Qualifying Categories
- Environmental Remediation
- Code Compliance
- Historic Preservation
- Structured Parking
- Urban Design/landscaping
- Public Improvements/Utilities
- Residential Developments for 10+ Units ($10,000/unit)
Possible Incentive:
- Up to 75% of the Tax Increment for up to 10 years
Qualifying Categories
- Exterior Lights & Cameras (Required)
- Awning, Signage, Landscaping
- Door 7 Exterior Window Replacement/Window Displays
- Exterior Cleaning/Paint/Murals
- Sidewalk Repair/Sidewalk Café
- Design & Permit Fees
Possible Incentive:
- Up to 50/50 Reimbursement Grant
Qualifying Categories
- Floor and Wall Upgrades
- Lighting
- Security Cameras
- Signage
- Bar Build Out
- Restrooms
- Mechanical, Electrical, & Plumbing Costs
- Roof Repair
- Structural Roof Support
- Rooftop Safety
- Permanent Seating
- Shade Structures
- Rooftop Accessibility (Elevators and Stairs)
- Enclosed Landings, Windows, Doors
- Other Permanent Fixtures
Possible Incentive:
- Up to 50/50 Reimbursement Grant
Qualifying Categories
- MEP
- Structural (Exterior Walls, Roof, Foundation, Building Core, and Stairwells)
- Fire Safety
- 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
Possible Incentive:
- Up to 50/50 Reimbursement Grant
TIRZ #3 Governance
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