The Downtown Development Redevelopment Fund, a program funded from four separate voter approved funding packages, is intended to promote high quality mixed-use development in Downtown Tulsa. Eligible projects must include a residential housing component and retain or promote new business in Downtown. Funds are made available through zero-interest, short-term loans (not to exceed 6 years) depending on business need.
Applicants must demonstrate financial health and capacity and show that the funding will be used to develop or redevelop physical property within the Inner Dispersal Loop (IDL) in Downtown Tulsa. Applicants are encouraged to familiarize themselves with the Downtown Housing Study (2020), which affirmed the demand for increased residential density throughout Downtown.
The design criteria also emphasized capitalizing on the community's assets, creating a sense of place, belonging, and character; street and neighborhood connections; fountains, green space, pathways and streetscaping; public art; lighting; creation of gateways into Downtown and outdoor dining.
Applications for the use of the fund can be found at the link below. Questions about the Downtown Development Redevelopment Fund can be sent to the Mayors Office of Economic Development at:
Economic Incentives Manager