Seniors Housing CIP Programs

Seniors Housing CIP Programs

Development Charge (DC) Grant Program: The objective of this program is to provide assistance for the development and redevelopment of sites by further reducing the cost of development related to development charges. Reduced DC’s will help facilitate development and redevelopment efforts, and the municipality will benefit through increased raises assessment values.

For additional information regarding development charges, please visit the following link:
http://www.townofbwg.com/twnsrv/finance/devchrg

Tax-based Redevelopment Grant (TIG) Program: A Tax Increment Grant (TIG) leverages the increased assessment and property taxation generated by site (re)development to reduce the financial costs of property rehabilitation and (re)development by:

  • Providing a grant for a percentage of the municipal portion of the property tax (including South Simcoe Police Services) for a given property; and

  • Limiting such grants to annual payments for a maximum period of 10 years or equivalent to the maximum eligible cost of rehabilitation, renovation and/or (re)development, whichever comes first.


For additional information pertaining to taxes, please visit the following link:
http://www.townofbwg.com/twnsrv/finance/taxes

Planning Fees and Building Permit Grant Program: The objective of this program is to provide assistance for the development and redevelopment of sites via 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 by reducing initial regulatory costs.

For a complete list of Town fees and service charges, please visit:
http://www.townofbwg.com/Shared%20Documents/Finance/BWG_Fee_Schedule.pdf#search=schedule%20of%20fees

Cash-in-lieu of Parkland Grant Program: The parkland contribution is land that must be conveyed or the equivalent value in cash that must be paid to the Town as a condition of development or redevelopment of a property. The Planning Act provides that the Town may require this conveyance or payment in order to ensure that adequate land or funds have been set aside for park and recreation purposes as the Town grows.

This program will reduce the cost of development in those circumstances where the Town deems it appropriate to accept cash-in-lieu of parkland.

Please note that the Seniors Housing CIP is now suspended, having met Council's mandate of 250 new assisted living units. Applications are still being received for future consideration.

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.