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Oshawa Urban Growth Centre Increased Assessment Grant
A tax-increment-style grant helps offset municipal tax increases from eligible downtown Oshawa redevelopment projects.
About this program
The Oshawa Urban Growth Centre Increased Assessment Grant supports substantial redevelopment and intensification projects by returning a portion of the municipal tax increase generated by an approved project. The program is designed to encourage private investment and higher-value redevelopment in the Urban Growth Centre.
Eligibility
Eligible applicants are property owners undertaking approved redevelopment or rehabilitation projects in Oshawa's Urban Growth Centre that increase assessed property value.
Requirements
- Property must be in the Urban Growth Centre Community Improvement Project Area.
- Project must involve eligible redevelopment, rehabilitation, or intensification.
- Project must result in an increase in property assessment and municipal taxes.