Urban renewal is an economic development tool to encourage private investment within a specific geographic area (district). This is done by investing public funds into capital improvements and private property improvement projects within the district. The purpose of urban renewal is to increase the total taxable value of the district.
The City of Dallas Urban Renewal Area is essentially composed of the downtown core area (see map below) and was approved in 2004. The Urban Renewal Plan contains both the structure of the overall program and a list of potential projects.
Property Improvement Programs
The following programs are available to properties inside the Urban Renewal District.
Minor Improvement Grant Program The Minor Improvement Grant Program offers property owners up to $500 to make small improvements or 'quick fixes' to theirproperty. No matching private funds are needed to participate in this program. The program flyer, guidelines, and application form can be accessed by clicking on the following links:
Building Improvement Grant Program This program offers property owners up to $50,000 to make improvements to their buildings. Private matching funds are needed to participate in this program. The program flyer, guidelines, and application form can be accessed by clicking on the following links:
