Amount:

No Fixed Amount

Type of Program:

Grant


Description:

The Tax Increase-based Equivalent Grant Program offers grants to eligible applicants whose City property tax has increased as a result of the planning or replanning, design or redesign, resubdivision, clearance, development or redevelopment, reconstruction and rehabilitation of a property within one of the designated Community Improvement Project Areas, resulting in the incremental improvement of the built character of these areas.

Comments on Funding:

Annual grants may be equal to 75% of the City’s portion of the property tax increase.

Property taxes for the City of Cambridge are calculated by the following ratio:

  1. 1
    Waterloo Region: 35.60%;
  2. 2
    School Board: 39.27%;
  3. 3
    City of Cambridge: 25.13%.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • Applicants must be eligible applicants whose City property tax has increased as a result of the planning or replanning, design or redesign, resubdivision, clearance, development or redevelopment, reconstruction and rehabilitation of a property within one of the designated Community Improvement Project Area.
    The development must meet and incorporates exemplary design standards and contributes to maintaining the heritage character of the Community Improvement Project Area.
     

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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