Downtown CIP Programs
Façade, Landscape and Signage Improvement Grant Program:
Under the Façade, Landscape and Signage Improvement Grant Program, matching grants may be offered to eligible property owners within the defined Downtown CIPA for façade improvements or signage development or street front landscape improvements (publicly accessible parts of private properties) or any combination of these 3 categories of property enhancement.
The grant is meant to be applied for improvements and upgrades to the street fronts of properties but it may also be applied to the rear or side of a property only in cases where the rear or side of a property is facing a street or public park or public gathering space or parking area that is accessible to the general public.
Building, Restoration, Renovation and Improvement Program:
This grant has the potential to leverage significant private sector investment in interior building renovations and improvements, and help address the costs involved with a range of matters, such as:
-Building, fire and other code compliance;
-Expansion/additions and accommodating accessibility and fire/safety upgrades;
-Retrofitting existing space (such as second floors);
-Potentially additional on-site development.
Planning Fees and Building Permit Grant Program:
This program offers property owners with plans to develop new non-residential, mixed use and new multi-unit residential properties, a reduction in applicable planning and building permit fees. Reduced planning and building permit fees may, in concert with other program support, help encourage new development efforts through reducing initial regulatory costs.
For a complete list of Town fees and service charges, please visit:
Development Charge Grant Program:
The objective of this program is to provide assistance for the development and re-development of sites by further reducing the cost of development related to development charges. Reduced development charges will help facilitate development and redevelopment efforts, and the municipality will benefit through development which raises assessment and activity in the Downtown.
For additional information regarding development charges, please visit the following link:
Tax-based (re)development Grant Program:
A Tax Increment Grant (TIG) leverages the increased assessment and property taxation generated by site redevelopment to reduce the financial costs of property rehabilitation and redevelopment by:
- Providing a grant equivalent to the Municipal portion of the property tax for a given property; and
- Limiting such grants to annual payments for a maximum period of 10 years or equivalent to the maximum cost of rehabilitation, renovation and/or redevelopment.
For additional information pertaining to taxes, please visit the following link:
Applications are now being accepted and will be reviewed on a rolling basis throughout the year.
For more information please contact our Office of Economic Development.