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Redevelopment

From improving and updating a commercial building to multi-block catalyst projects, Wichita has a variety of tools to assist in redevelopment. We offer programs that match the scale of investment and need for each project, with the ability to meet your project needs. The primary incentives available from the City are linked below:

TIF IRBs

Tax Increment Financing (TIF)

TIF can be used to reduced the costs associated with redeveloping property

CIDEDX

Community Improvement Districts (CIDs)

CIDs provide additional funds to a development through the levy of additional sales tax

Opportunity ZonesOpportunity Zones

Opportunity Zones

Companies that locate within an Opportunity Zone may be eligible for certain tax benefits

FacadeFacade

Façade Improvement Program

Low interest financing for exterior building improvements

IRBs IRBs

Industrial Revenue Bonds (IRBs)

IRBs can provide a tax abatement and/or a sales tax exemption for eligible projects

Additional Assistance

Downtown Development

Historic Preservation

State and Federal Rehabilitation Tax Credits
Kansas State Historical Society
(785) 272-8681 ext. 213

Historic Revolving Loan Program
Preservation Office
271 W 3rd Street
316-268-4421

Low Income Housing Tax Credits

The Low Income Housing Tax Credit encourages investment of private capital in the development of rental housing by providing credits to offset an investor's federal income tax liability.