No Fixed Amount
Type of Program:
The Redevelopment Grant Program is intended to provide a financial incentive to property owners who rehabilitate and develop adaptive re-use plans for lands and/or buildings that are contaminated, under-utilized or vacant within the designated Downtown Community Improvement Plan Area. The program will also apply to assisting with adaptive re-use and refurbishment of important heritage properties within the City of Moncton.
Comments on Funding:
Funding will take the form of a grant calculated based on the value of the construction project at time of building permit application and a Downtown Capital Improvement Fund contribution formula and may be paid on annual basis for up to 5 years for building construction projects valued under $10 million dollars and up to 10 years for projects valued over $10 million dollars, commencing once the redevelopment is complete.
When It Ends:
The applicant must:
Eligible Financial Incentive Program Grant Projects must represent one of following types of projects:
Applicants must complete and submit the application form.
Applicants must submit:
- 1reports, plans, estimates, contracts and other details as may be required to satisfy the City with respect to the eligible costs of the project and with respect to conformity of the project with the Program;
- 2a Business Plan, if required.
Other Things to Note:
Revised: March 21, 2022 - Source 1