Urban Development Incentives
$50,000
Grant
Description:
The City of Saint John offers financial incentives to undertake development projects on the Central Peninsula. The Central Peninsula includes the Uptown, South End, and Waterloo Village.
Comments on Funding:
There are three funding opportunities that may help with your urban development project:
1. Residential Density Grant: Provides base funding over five years.
2. Construction Challenges Grant: Provides immediate assistance upon project completion to address the unique challenges of development on the Central Peninsula in the form of 25% of construction challenges cost up to a maximum of $50,000, or 5% of total construction costs.
3. Building Permit Grant: Provides a grant for non-market housing projects equal to 80% of the cost of the building permit fee for the project to a maximum of $10,000.
Continuous Intake
Eligibility:
Applicants must undertake development projects on the Central Peninsula. The Central Peninsula includes the Uptown, South End, and Waterloo Village.
Application Steps:
Applicants must create an account in the Saint John website
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
About the author
Maurice
