No Fixed Amount
Type of Program:
The intent of the LEED Grant Program is to provide an economic catalyst for the construction and or redevelopment of sustainable industrial, commercial, mixed-use and multi-unit residential (as defined in Part 3 (Group C) of the National Building Code) buildings and land development in the urban area. This program applies to the Hamilton LEEDING the Way Community Improvement Project Area (as such boundaries are presently defined).
Comments on Funding:
Funding will take the form of a five year grant, the amount of which is subject to Council approval, in an amount not exceeding the increase in municipal realty taxes as a direct result of the development/redevelopment of land and/or building.
The grant which may be approved by Council shall be an amount which does not exceed 75% of the municipal realty tax increase during the term of the grant.
When It Ends:
submit an application;
have paid in full each year their realty taxes and must be in compliance with the City’s by-laws and policies before any grant is provided to the applicant for a property for which a satisfactory grant application has been received;
enter into an Agreement with the City of Hamilton that sets out the conditions of the annual grant.
Other Things to Note:
For further details please contact Phil Caldwell, Senior Project Manager, Urban Renewal at 905-546-2424 ext. 2359.