Commercial District Housing Opportunities Program
The Commercial District Housing Opportunities Loan Program provides financial assistance through low-interest loans to encourage the development and improvement of dwelling units. The program aims to create new or upgraded housing options that support local commercial district populations and strengthen demand for nearby businesses and services.
Offered by City of Hamilton
Amount
The lesser of $1,000,000 or 25% of the construction budget for the development (maximum loan)
Quick eligibility check
Who can apply
Applies to properties located within the following Community Improvement Project Areas: Ancaster, Barton Village, Binbrook, Concession Street, Downtown Hamilton, Dundas, Locke Street, Ottawa Street, Stoney Creek, Waterdown, and Westdale Commercial Districts, as well as all Strategic Commercial Corridors and buildings designated under Parts IV or V of the Ontario Heritage Act.
Note: Applicant must be the registered property owner.
$420 Application Fee to accompany application
About the funding
The maximum Loan amount is the lesser of $1,000,000 or 25% of the construction budget for the development. For details, please refer to the full program description.
Note: The subject loan is to be secured by a mortgage registered on title in a position no less than second in priority.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Downtown and Barton/Kenilworth Housing Opportunities Program | Loan | Low-interest loan | Open |
| ERASE Commercial District Remediation Loan (ECDRL) Program | Loan | Up to $400,000 | Open |
| Hamilton Heritage Revitalization Loan Program | Loan | Up to $100,000 | Open |
| Start-up and Office Tenant Attraction (SOTA) Program | Loan | $450,000 | Open |
