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Peterborough Affordable Housing Community Improvement Plan Tax Increment Grant
A tax increment grant supports eligible affordable housing projects that increase assessment in Peterborough.
About this program
The City of Peterborough Affordable Housing Community Improvement Plan includes a tax increment grant to support eligible affordable housing development. Approved projects may receive grants based on a portion of the municipal tax increase generated after development, helping offset costs for projects that create affordable units.
Eligibility
Eligible applicants are owners, developers, or housing providers with qualifying affordable housing projects in Peterborough that increase municipal property assessment.
Requirements
- Project must be located in Peterborough.
- Project must create or preserve eligible affordable housing units.
- Project must result in an increase in municipal property assessment.