Catalyzing Change with the Downtown Office Conversion ProgramÂ
The City of Hamilton is supporting new opportunities to grow the city’s housing supply and revitalize Downtown Hamilton through the creation of the Downtown Hamilton Office Conversion Grant Program.Â
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This program provides grants to off-set the cost of converting existing under-utilized office spaces in the downtown into new housing or hotel accommodations.Â
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Grants range between $10,000 to $20,000 per unit created up to a maximum of 100 units per project. The program also supports grants to fund feasibility studies to investigate potential conversions.Â
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Residential incentives will be $10,000 for a bachelor unit, $12,500 for a one-bedroom, $15,000 for a two-bedroom, and $20,000 for a three-bedroom. Hotel conversions will receive $10,000 per room.
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Buildings within the boundaries of Victoria Street and Queen Street, Cannon Street and Hunter Street, will qualify for the program. Additionally, properties with street addresses on James Street between the CN railway line and Charlton Avenue will qualify.
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For more information visit:
https://investinhamilton.ca/news-resources/downtown-hamilton-office-conversion-grant-program
For the full list of other Grants and Programs through the City of Hamilton, click the link below: