City of Cornwall – Heart of the City Program: Rehabilitation Tax Increment Grant Program
Description:
A land owner is reimbursed part or all of the increase in municipal taxes paid as a result of improvements made to a building
Comments on Funding:
Funding is a grant reimbursing part or all of the increase in municipal taxes paid as a result of improvements made to a building.
Funding allows for a reimbursement, on a sliding scale, in part or in full for up to 10 years (based upon each individual case).
Eligibility:
Applications Steps:
Application steps:
Documentation Needed:
Applicants must submit with their application:
- the concept/design plans;
- estimates for each of the areas of work based on the finalized plans.
- copy of their most current tax receipt;
- a Letter of Authorization from the Registered Owner(s) MUST accompany this request indicating support for the subject Applicant(s) to proceed accordingly, if the Applicant(s) is not the Registered Owner(s) of the Property subject to this HOTC Program Application;
- work Plan and Associated Improvement Cost(s) Details for the Subject Property.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline