Urban Residential Development Grant

Urban Residential Development Grant


The Urban Residential Development Grant is intended to encourage residential and Mixed-Use development in the Downtown. Infill development and redevelopment within the program area is eligible for incentive grants of $10,000 per Dwelling Unit for apartment buildings and $15,000 per Dwelling Unit for Mixed-Use Apartment Buildings located within the Downtown Incentives Program Boundary. Minimum Dwelling units are required as per Land Use Bylaw C-1260.

In addition to the per-unit grant, residential projects are eligible for two other funding opportunities. Applicable projects may qualify for a three-year tax deferral. The tax deferral applies to the municipal portion of the Incremental Assessment Value and needs to be approved each year by Council. Projects may also receive a grant to cover half of the cost of upsizing water and wastewater connections to a maximum of $50,000.

To be eligible for reimbursement, no work is to be performed until a Reimbursement Agreement is entered into with the City. Work that has commenced prior to City approval is not eligible for reimbursement. Applicants are responsible for reviewing the Eligibility Criteria below prior to submitting an application.


Applicants are encouraged to meet with the Program Coordinator prior to submitting their application. The Program Coordinator can be reached at downtownincentives@cityofgp.com  or 780-513-5240.