Downtown Densification Grant Program
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.
Offered by Moncton Impact
Amount
$20,000 per new dwelling unit, to a maximum of $300,000 per development (a total of 15 new dwelling units)
Quick eligibility check
Who can apply
This Policy applies to a development that has been approved 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) ”.
(2) To be eligible for the grant, the proposed development must:
- Add new dwelling units to the subject property;
- 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
- Have a valid building permit issued for the development.
- 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.
About the funding
The program includes a per-door incentive grant for new dwelling units disbursed upon the successful completion of the building’s foundation.
- Upon approval of the Application, a grant in the amount of $20,000 per new dwelling unit will
be disbursed.
- The total grant amount shall not exceed $300,000 per development (a total of 15 new
Show all funding details
dwelling units).
- Grant funding is dependent on federal funding from the HAF. Despite the approval of an
Application, scheduled disbursements may be cancelled at the discretion of the Director of Planning and Development, or designate thereof, where there is indication that HAF funding is depleted or will be revoked.
- Although applicants may submit more than one Application, the consideration and
potential approval of subsequent Applications will be contingent upon any funds remaining at the latter part of the HAF funding period.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Accessory Dwelling Unit Grant Program | Grant | A grant in the amount of $10,000, disbursed upon approval of the Application after the project's final inspection, with one application per property | Open |
| Affordable Housing Grant for Existing Affordable Housing | Grant | Grant equal to up to 100% of the fees and costs for building and development permits, demolition permits and variances, based on a prioritization score of up to 400 points and prorated by the percentage of the building with affordable or sleeping units | Open |
| Affordable Housing Grant for New Developments | Grant | A grant equaling up to 100% of the fees and costs for building and development permits, demolition permits, subdivision approvals, Municipal Plan and Zoning By-law amendments, variances and Planning Advisory Committee applications, based on prioritization scoring (maximum 450 points) and prorated by the percentage of the building that includes affordable or sleeping units | Open |
| Agri-Land Accessibility and Enhancement | Grant | Up to 50% (re-development of inactive land) or 30% (other land elements) of eligible costs, maximum combined annual contribution of $7,000 for program elements 1 – 5 (not to exceed a combined total of $35,000 over April 1, 2023 – March 31, 2028) | Open |
