Programs
The Downtown Redevelopment Authority is designed to help improve living and commercial establishments within the Houston Downtown Area.
Active Programs
PUBLIC IMPROVEMENT + DEVELOPMENT REIMBURSEMENT
The objective of this program is to assist developers with public improvements around their projects under construction and within the boundaries of the Downtown Redevelopment Authority, Tax Increment Reinvestment Zone #3 (DRA / TIRZ #3).
Contact Allen Douglas, Executive Director of DRA / TIRZ #3, to learn more about project eligibility and how to apply: allen.douglas@downtownhouston.org
DOWNTOWN OFFICE CONVERSION FEASIBILITY STUDY + PROGRAM DEVELOPMENT
To begin shaping an adaptive reuse incentive program, Downtown Houston+ worked with a consultant to conduct a feasibility study of selected buildings located within the Downtown Houston boundaries of the DRA. This first phase of this process laid the groundwork for an Office Conversion Program, designed to incentivize the rehabilitation and repurposing of underutilized office space in downtown buildings within the boundaries of the DRA. The completed study is intended to assist participating property owners in understanding potential project feasibility for multiple adaptive reuse scenarios once the program is formed, authorized by the DRA Board, and approved by Houston City Council. These scenarios will provide a means to identify and appropriately assess the efficacy of the currently known financing tools that may be utilized to bridge capital or operational funding gaps related to office building conversions.
Complete Programs
DOWNTOWN LIVING INITIATIVE PROGRAM
The Downtown Living Initiative provided economic and other development incentives for new multifamily residential mixed-use developments. The target area included of most of downtown, with a focus on aligning housing investment with Downtown amenities such as parks, grocery, and transportation.
HISTORIC PRESERVATION AND RESTORATION PROGRAM
The objective of this program was to ensure the preservation and restoration of historic structures within the boundaries of TIRZ #3. This program was designed to assist property owners and lessees with long-term leases with façade restoration and preservation.