No Fixed Amount
Type of Program:
A land owner reimburses 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).
When It Ends:
Concept Plans and estimates
Applicants must submit with their application:
- 1the concept/design plans;
- 2estimates for each of the areas of work based on the finalized plans.
- 3copy of their most current tax receipt;
- 4a 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.