Amount:
$ 25,000.00
Type of Program:
Loan
Description:
The Parking and landscape enhancement Program program comprises interest-free loans repayable over a maximum 10 year term. Funding applies to projects which may include development or enhancement of parking, landscaping or the provision of related amenities such as seating. a project may also include the creation of a parking lot funded jointly by more than one property owner, and in relation to either a single parcel of land or multiple parcels.
Comments on Funding:
The maximum level of assistance per property owner per project is $25,000, an interest-free loan over a maximum 10 year term.
Funding is further limited to the total eligible cost where this is less than $25,000.
The maximum combined total of interest-free loans under this Program per property owner is $75,000.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Applicants must:
Applications Steps:
Application steps:
Consultation Meeting
Concept Plans and estimates
Submit application
Funding approval
Documentation Needed:
Applicants must submit with their application:
- 1the concept/design plans;
- 2any written estimates from qualified contractors/consultants/etc (materials, labour, professional services fees, a unit cost per parking space and site plan for parking layout, for example). The Evaluation Committee may recommend selection of a specific estimate to successful applicants.
- 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.
