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Infrastructure Works, Accessibility and Building Restoration grant program

The Infrastructure Works/Building Restoration and Accessibility Enhancements Program is a Tax Increment Equivalent Grant (TIEG) program to provide tax assistance to private land owners in order to encourage private sector investment in properties and buildings. The TIEG Program will provide tax assistance equal to all or a portion of the municipal property tax increase following the completion of the project owned by a private land owner that has resulted in an increase in the assessed property value. The time period for the TIEG program would be up to 5 years per project to a total maximum of $15,000 per property.

Eligible projects will include the substantial development, redevelopment, construction or reconstruction of commercial, industrial, and mixed-use buildings/properties that result in a minimum of $100,000 increase in the assessed value of the property. Based on 2016 figures, an improvement which results in a $100,000 increase in assessment value would receive a grant of $705 per year.