Downtown Windsor Community Improvement Plan (CIP) | New Residential Development Grant Program

The New Residential Development Grant Program is intended to stimulate residential development within Downtown Windsor by providing a financial incentive to stimulate the construction of new residential units through the development or redevelopment of a building or property, excluding creating new residential units on vacant land, and/or the expansion of an existing building. 

Grant Calculation:

The amount of the grant will be determined based upon the new number of residential units created as a result of the development or redevelopment of a building or property. The grant will be for the amount of $5,000 for every new residential unit created on the upper storeys of an existing mixed use building, up to a maximum of $50,000 per property. 

Program Details :

• A minimum of four (4) new residential units must be created. The program is not eligible on any unit or space that was already configured and/or used for residential use. 
• The program will only be offered until 100 new residential units have been funded by the New Residential Development Grant Program. Council can increase the number of units that can funded at such time that the original 100 residential units have been constructed. 
• Inspections of the building to review its condition and the proposed conversion plans may be required. 
• Only one (1) New Residential Development Grant will be available per property. 
• For projects that involve an existing building, only the residential units that are constructed as part of an addition to the existing building will be eligible for a New Residential Development Grant.  
• Determination of compliance with the requirements of this program and the amount of the property’s grant (within the permitted terms of this program) is at the discretion of and subject to City Council approval.

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