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City of London Forgivable Loan for New Office Conversions
A time-limited forgivable loan supports approved office-to-residential or mixed-use conversion projects in Downtown London.
About this program
The City of London Forgivable Loan for New Office Conversions is a 2026 incentive intended to accelerate conversion of underused office space into residential or mixed-use projects in the Downtown Community Improvement Project Area. The program can provide a forgivable loan after approval for eligible conversion costs, helping property owners and developers make downtown adaptive reuse projects financially viable.
Eligibility
Eligible applicants are owners or developers of properties in the Downtown London Community Improvement Project Area proposing eligible office conversion projects.
Requirements
- Property must be located in the Downtown Community Improvement Project Area.
- Project must convert eligible office space to residential or mixed-use occupancy.
- Applicant must submit a complete application before starting eligible conversion work.