Downtown Colorado Springs Grants, Loans & TIF

Grants, loans & TIF

The Colorado Springs Downtown Development Authority (DDA) supports eligible businesses, property improvements, and development projects within its district through grants, loans, and tax increment financing (TIF) reimbursement agreements. These programs advance the goals and priorities of the Elevate Downtown Plan and encourage public and private investment in Downtown.

Downtown property owners voted to establish the DDA in November 2006 to provide programs and financial incentives to foster downtown development. DDA is governed by a board of 11 people appointed by Colorado Springs City Council. Downtown Partnership staff execute the work of the DDA as a contracted affiliate.

In 2026, City Council adopted the updated Elevate Downtown Plan as the official Plan of Development for DDA. The DDA is funded in two ways: first, by a 5-mill tax levy within the district to support its operations, and second, through Tax Increment Financing (TIF). The latter is the capture of increased property tax revenues within the district following a baseline assessment. TIF revenues go into a special fund and, as it grows, the funds can be leveraged for support of downtown projects in the form of grants and reimbursement agreements. All projects receiving grants and reimbursement agreements from the DDA must demonstrate alignment with the goals and priorities of Elevate Downtown Plan. Grant funding decisions are made by the 11-member board of the DDA, which meets monthly on the second Tuesday of each month.

Considering a business location, expansion, property improvement, or development project Downtown? Contact our Planning & Economic Development team at Craig@DowntownCS.com or 719-886-0088 to discuss potentially applicable programs and next steps.