Revitalizing Hamilton Tax Increment Grant Program
The Revitalizing Hamilton Tax Increment Grant Program provides financial incentives to property owners within strategic commercial districts to develop, redevelop, or improve properties and buildings. The program aims to support the broader revitalization of these districts while generating new municipal property tax revenue through increased property assessments.
Offered by Invest in Hamilton
Amount
Maximum annual Grant as a percentage of actual municipal tax increment: Revitalization Projects: Year 1 100%, Year 2 75%, Year 3 50%, Year 4 25%; Revitalization Projects with Public Parking: Year 1 100%, Year 2 75%, Year 3 75%, Year 4 50%; Enhanced Revitalization Projects: 100% in each of Years 1 to 4. Total Grant over the four-year term not to exceed the total cost of the Site's improvement/development
Quick eligibility check
Who can apply
Applies to the following Community Improvement Project Areas: Ancaster, Barton Village, Binbrook, Concession Street, Downtown Hamilton, Dundas, Locke Street, Ottawa Street, Stoney Creek, Waterdown, Westdale Commercial Districts, or Mount Hope/Airport Gateway, and buildings designated under Part IV or Part V of the Ontario Heritage Act.
- $332 Administration Fee for grants less than or equal to $12,500 to accompany application
- $1,129 Administration Fee for grants greater than $12,500 to accompany application
Note: If the property assessment is under appeal, an application will not be accepted.
Note: Applicant must be registered owner of property.
About the funding
Provides grants based on the actual increase in municipal property taxes resulting from property improvements or developments. Grants are distributed over a maximum of four annual payments and require City Council approval. For maximum amounts and details, please refer to the full program description.
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 |
