Tax Increment Financing: Heritage Buildings Conservation Grant
No fixed amount
Tax Credit
Description:
A Heritage Buildings Conservation Grant is payable for the conservation of a vacant or underutilized heritage building.
Comments on Funding:
Grants equal 80% of the incremental municipal taxes paid for a maximum of 10 years. Maximum grant per project is $2 million (total of all years).
March 31, 2025
Eligibility:
Key conditions:
1. The development must involve a heritage building that is vacant or underused. The building cannot be a single-family dwelling.
2. The project will result in the conservation of the building for occupancy
3. The development must follow the Historical Resources By-law and the Program By-Law.
4. The development needs:
–at least $500,000 in capital investment from private sector
–extra financial support from another level of government (e.g. grant, tax credit, loan)
Application Steps:
Applicants must apply online at Incentive grants application
Documentation Needed:
Applicants must submit:
1. Application Workbook
2. Project budget (i.e. Third-party construction budget to support the application)
3. Project drawings/architectural plans
Other Things to Note:
Eligible development project locations are:
1. The Downtown, as established in the City of Winnipeg Downtown Winnipeg Zoning By-Law, but NOT within the SHED TIF Zone as defined in By-law No. 98/2012.
2. Intensification Target Areas in Winnipeg, but NOT in Greenfield Supply Areas as described in the Heritage and Economic Development Incentive program map.
About the author
Maurice
