Commercial Space Rehabilitation Grant Program
$20,000
Grant
Description:
The Commercial Space Rehabilitation Grant Program offers matching funding of 50 per cent to commercial business operators and owners of storefronts that are vacant (or, in certain limited circumstances, at risk of becoming vacant) to undertake interior renovations.
Comments on Funding:
Funding Available
The program offers matching funding equal to 50 per cent of the cost of interior improvements to properties that are commercial at street level.
The maximum base grant under the program is $20,000 (based on a minimum of $40,000 of improvements).
Further funding of up to $4,000, for a total maximum grant of $24,000, is available for upgrades to meet AODA accessibility standards (opens in new window).
Additional funding of up to $20,000 ($4,000 per additional unit, for up to five units) is available for multi-unit properties.
Applications are closed. Stay tuned for future intake announcements.
Eligibility:
Applicants must be owners and tenants of vacant properties or occupied properties which meet one of the following criteria:
1. Properties that previously received support under the Canada Emergency Rent Subsidy (CERS) Program.
2. Properties located in corridors impacted by Major Transit Expansion-related construction (Ontario Line, Eglinton Crosstown, etc.).
The program is only available to properties within the city of Toronto that are used for commercial purposes at street level or have a direct access to a street from another floor. A minimum of three eligible improvements must be made.
Tenants who apply for the program must have written permission from the property owner to make any improvements to the property and obtain grant funding for that purpose.
Application Steps:
Applicants must contact Michael Saunders at 416-392-1005 or Michael.Saunders@toronto.ca.
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
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Maurice