Population from Census 2015 - 68,556
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In addition to the per unit grant, residential projects are eligible for two other funding opportunities. Applicable projects may qualify for a three year tax deferral. The tax deferral applies to the Incremental Assessment Value and needs to be approved each year by Council. Projects may also receive a grant to cover half of the cost of upsizing water and wastewater connections to a maximum of $50,000.
The Façade Improvement Grant is meant to help people improve the face of their business by providing funds for building upgrades. In addition to improving the appearance of the building, these upgrades should provide benefits to the pedestrian realm. The Façade Improvement Grant is a matching grant that will provide 50% of the project cost up to the lesser of $750 per Front Foot or a total of $50,000.
As per Policy 316, an owner of a building within the Downtown Incentives Program Boundary may apply for funding under the Façade Improvement Grant retroactively for improvements where the building permit was issued between January 1, 2015 and the deadline of the Spring 2016 intake period.
According to CPTED principles, vacant and unmaintained buildings have been linked to increased crime, risk to public health and welfare by creating the impression that the space is not cared for. The Demolition Grant is a matching grant that provides business owners with 50% of the Hard Costs of demolition, up to a maximum of $50,000.
Any project approved under the Downtown Incentives Program is
eligible to have the City portion of any applicable building and
development permit fees waived.
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