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Greater Sudbury Strategic Core Areas Tax Increment Equivalent Grant
A tax increment grant supports eligible redevelopment and intensification projects in Greater Sudbury core areas.
About this program
The City of Greater Sudbury Strategic Core Areas Tax Increment Equivalent Grant supports major redevelopment, rehabilitation, and intensification projects by returning a portion of the municipal tax increase generated by approved improvements. The incentive is designed to encourage investment, mixed-use development, and revitalization in Greater Sudbury's strategic core areas.
Eligibility
Eligible applicants are property owners or developers with qualifying redevelopment or rehabilitation projects in Greater Sudbury strategic core areas that increase municipal assessment.
Requirements
- Property must be located in an eligible Strategic Core Areas Community Improvement Plan area.
- Project must involve eligible redevelopment, rehabilitation, or intensification work.
- Project must increase municipal property assessment.