Commercial Vacancy Assistance (CVA) Program
The Commercial Vacancy Assistance (CVA) Program will provide financial assistance in the
form of a Grant to new permanent or 'popÂup' commercial tenants of a presently vacant at, or
below grade, commercial space so as to make permanent interior improvements for the
purposes of improving the attractiveness and usability of the space for the intended
commercial use. To be eligible, the intended commercial use must be accessible to the public/
customers and may include, but not be limited to, retail uses, artists studios/galleries
containing a retail component, personal service businesses, microbreweries, commercial
entertainment uses, commercial recreation uses and/or dine-in or take-out restaurants
Offered by Invest in Hamilton
Amount
50% matching grant: up to $5,000 for lease terms between three months and just under six months; up to $10,000 for lease terms of six months or longer
Quick eligibility check
Who can apply
Applicants must be:
- Applicant who is an authorized commercial tenant of a property that is the subject of the Program application.
- within theAncaster, BartonVillage, Binbrook, Concession Street, Downtown Hamilton, Dundas, Locke Street, Ottawa Street, Stoney Creek, Waterdown and Westdale Commercial District CIPAs, the Mount Hope/Airport Gateway CIPA and the Strategic Commercial Corridor CIPAs as collectively defined through the Revitalizing Hamilton's Commercial Districts Community Improvement Project Area (RHCD CIPA) By-law.
About the funding
Amount: The maximum Grant amount under this Program is paid on a matching basis (50%-50%) for eligible work to a maximum of a. $5,000 where the Applicant has entered into a lease term of between no less than three months and no longer than six months less a day; or b. $10,000 where the Applicant has entered into a lease term of six months or longer.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Barton / Kenilworth Planning and Building Fees Rebate (BKPBFR) Program | Grant, Rebate | Grant up to a maximum of $25,000 for eligible City planning application fees and a maximum of $25,000 for eligible City building application fees for a total maximum grant of $50,000 | Open |
| Barton / Kenilworth Revitalization Grant (BKRG) Program | Grant | Up to $75,000 | Open |
| Barton / Kenilworth Tax Increment Grant (BKTIG) Program | Grant | Maximum annual Grant as a percentage of actual municipal tax increment generated from improvement/development: Years 1–5: 100% | Open |
| Commercial District Revitalization Grant Program | Grant | 50% of Eligible Costs | Open |
