Downtown & Heritage Properties Financial Incentive Program
No fixed amount
Grant
Description:
Grants under this Policy aim to incentivize Redevelopment and revitalization of vacant and underutilized Downtown Core Community Improvement Plan (DCCIP) Area, and Designated Heritage Properties, Downtown Business Improvement Area (BIA) or Central Business District (CBD) Zone Properties.
Comments on Funding:
The following Grants are available to eligible Applicants under this Policy:
i. Redevelopment Grants including those relating to the Municipal Infrastructure component;
and
ii. Building Permit and Planning Fee Equivalent Grants.
December 31, 2025
Eligibility:
Applicants must have privately-owned DCCIP Properties, BIA or CBD Properties, and Heritage Properties and meet the following minimum eligibility requirements:
i. The Property for which the Grants are sought is a DCCIP Property, Heritage Property, or
BIA or CBD Property.
ii. The Property is not in violation of any City By-Laws.
iii. The Applicant demonstrates to the City, and the City establishes that the proposed
Development on the Property qualifies as at least one of the following:
1. A Redevelopment of Surface Parking Lot.
2. A Development on a Vacant Property or Under-Utilized Property.
3. A Redevelopment of a Property which involves the demolition of Non-Residential
Use, Residential Use or Industrial Use buildings. Conversion of an Under-Utilized
Property having a Non-Residential Use into a densified Residential Use of upper-level
floors (e.g. apartments).
4. Rehabilitation or adaptation of the use of an existing Building.
5. The construction of a Parking Structure which must include Bicycle Parking and/or EV
Ready Parking.
iv. The proposed Development for the Property fully complies with City By-Laws.
v. Where new housing is proposed in a Development, a minimum of 10% of all Dwelling Units
are new affordable housing units.
vi. The Final Building Permit Value of the proposed Development must be $1,000,000.00 or
greater, unless the proposed Development is with respect to a Heritage Property or with
respect to a City-changing Project.
vii. The Final Building Permit Value of the proposed Development for a Heritage Property
must be $500,000.00 or greater.
viii. In order to be eligible for a Redevelopment Grant, the Development of a BIA or CBD
Property must qualify as a City-changing Project as shown in the designated map
(Schedule E).
ix. An Application for a Building Permit and Planning Fee Equivalent Grant must be for a
Development located on a Vacant Property.
x. The Applicant must submit an Application with all required information to the City before a
Building Permit is applied for the proposed Development.
Application Steps:
Applicants must submit Application Form to the City of Moncton Economic Development Department prior to Start of Construction of the Development and prior to submitting an Application for a Building Permit.
Documentation Needed:
Applicants must submit the following documentation:
1. Confirmations and proof of payment, in a form acceptable to the City, of Taxes for the Property; and, that no arrears, penalties or other amounts be shown as due and payable in relation to Taxes for the Property.
2. Confirmations and proofs of payment, in a form acceptable to the City, of any applicable BIA Levy, for the Property; and, that no arrears, penalties or other amounts will be shown as due and owed in relation to BIA Levy, for the Property.
3. Confirmations, in a form acceptable to the City, that any request of review or appeal of the assessed value of the Property is completely settled; and that there exists no other pending review or appeal which has not been settled completely in respect of the assessed value for the Property.
4. Where the owner is a body corporate, confirmation in a form acceptable to the City, that said body corporate is in good standing under the Business Corporations Act of New Brunswick, or the Canada Business Corporations Act.
5. Up to date and current, as determined by the City, Certificates of Registered Ownership (CRO) for the Property, confirming the current Owner of the Property.
6. Confirmations, in a form acceptable to the City, that the Applicant and the Owner are not bankrupt; do not have any receiving orders made against them; have not made assignments for the benefit of creditors; are not taking the benefit of a statute relating to bankrupt or insolvent debtors; do not have orders made, or resolutions passed, for their winding up; and have not ceased operations.
7. Statutory declarations from the Applicant and the Owner in a form acceptable to the City, that since the Final Building Inspection Review, and to the knowledge of the Applicant and the Owner, no construction work has been completed to the Development without having obtained all applicable and required permits from the City, and that there has been no change of use or major change of occupancy, as defined in the National Building Code, of any part or portion of Development without having obtained all applicable and required permits.
8. Statutory declarations from the Applicant and the Owner in a form acceptable to the City that, to the knowledge of Applicant and the Owner, there exists no outstanding work order or other order, fine or administrative penalty issued by the City with respect to the Development.
Confirmation, in a form acceptable to the City, that the Development meets or exceeds the Affordable Housing requirements under the Policy.
About the author
Maurice