Downtown Densification Grant Program
$300,000
Grant
Description:
The main purpose of the Accelerator Funding for Downtown Densification Grant Program is to
incentivize, by way of grants, the development of new housing developments in Downtown Moncton
over the HAF funding period (2023-2026). The program includes a per-door incentive grant for new
dwelling units disbursed upon the successful completion of the building’s foundation.
Comments on Funding:
$20,000 per door, up to $300,000 per application
Continuous Intake
Eligibility:
Applicants proposed development must:
1. Add new dwelling units to the subject property;
2. Receive approval for a grant under the “Financial Incentive Program Policy for Downtown Core Community Improvement Plan (DCCIP) Area, Designated Heritage Properties, Downtown Business Improvement Area (BIA) and Central Business District (CBD)” or successor policy; and
3. Have a valid building permit issued for the development.
4. This grant is only eligible to developments that have applied for a building permit after the signing of the contribution agreement between CMHC and the City of Moncton.
5. This grant does not apply to a heritage property outside of the DCCIP Area, the BIA, and the CBD.
Application Steps:
Applicants must must complete and submit
an Application Form (see Appendix A) to the City of Moncton
Documentation Needed:
Applicants must submit:
1. A copy of the City of Moncton Council Resolution approving the development under the
“Financial Incentive Program Policy for Downtown Core Community Improvement Plan
(DCCIP) Area, Designated Heritage Properties, Downtown Business Improvement Area
(BIA, and Central Business District (CBD)” or successor policy; and
2. Copy of a building permit from the City of Moncton for the proposed development.
Other Things to Note:
About the author
Maurice
