City of London Rehabilitation and Redevelopment Tax Grant Program
A tax increment grant helps offset municipal tax increases caused by eligible rehabilitation or redevelopment projects in London CIP areas.
About this program
The City of London Rehabilitation and Redevelopment Tax Grant Program supports major private investment in eligible Community Improvement Plan areas by rebating a portion of the municipal property tax increase generated by an approved project. The incentive can help commercial, mixed-use, and other eligible property owners finance rehabilitation, intensification, adaptive reuse, or redevelopment that increases assessed value.
Eligibility
Eligible applicants are property owners undertaking approved rehabilitation or redevelopment projects in designated London Community Improvement Plan areas that result in an increase in municipal property assessment.
Requirements
- Property must be in an eligible Community Improvement Plan area.
- Project must involve eligible rehabilitation, redevelopment, intensification, or adaptive reuse work.
- Applicant must apply and receive approval before completing the project.