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Uptown Waterloo Incentives

Uptown Waterloo incentive area in WaterlooThe following incentives are available in the core area of Waterloo and issued by the City of Waterloo unless otherwise noted. Visit the Incentives page to learn about other incentives, or the WaterlooNorthdale area of Waterloo or Waterloo Region pages to learn about incentives available in those areas.

Facade Improvement Grant Program

Description: This program is intended to encourage business and property owners to improve the appearance of the streetscape, heritage properties and other buildings in the Project Area. 

Amount: A maximum matching grant of $10,000 per street-facing fa├žade to a maximum grant of $20,000 per project/property.

End date: December 2020. The City may periodically review and activiate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information: Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Study Grant Program

Description: This program promotes the preparation and submission to the City of high quality professional urban design studies and drawings as well as heritage feasibility studies and assessments.

Amount: A maximum grant of $3,000 per project/property.

End date: December 2020. The City may periodically review and activate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:  Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Fee Grant Program

Description: To facilitate renovations and small expansions through the provision of an additional financial incentives to offset fees.

Amount: A maximum grant of$10,000 per property/project.

End date: December 2020. The City may periodically review and activate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:  Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Commercial Building Improvement Loan

Description: To support business retention by helping to fund interior renovations and maintenance that improves the usability and/or accessibility of non-residential buildings within Uptown Waterloo.

Amount: A maximum loan of $30,000.

End date: December 1, 2017. The City may periodically review and activiate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:  Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Minor Activity Grant/Loan Program

Description: To facilitate small expansions and new construction that create spaces of up to 5,000 square feet for affordable housing uses and/or office employment uses. The program provides additional incentive for development that includes heritage conservation and/or sustainable building design.

Amount: Maximum grant or loan of $50,000 per project/property.

End date: December 2020. The City may periodically review and activiate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:   Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Major Activity Grant 

Description: To promote large reurbanization projects that create new floor space for affordable housing uses and/or non-residential uses that include an office employment component. Additional incentive provided for development that includes heritage conservation and/or sustainable building design. The program provides a grant that reduces the property tax increase that can typically result from reurbanization projects.

Amount: Based on assessment provided by the Municipal Property Assessment Corporation.

End date: December 2020. The City may periodically review and activiate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:  Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 

Parking Exemption Program (Uptown)

Description: To facilitate small expansions (2,000 square feet net building area) or changes in use where the developer is unable to provide the on-site parking as required by the Zoning By-law. The program provides for parking exemptions, subject to the preparation of a parking analysis and Agreement approved by Council.

Amount: Parking exemptions, subject to the preparation of a parking analysis and Section 40 Planning Act Agreement.

End date: December 2020. The City may periodically review and activiate, deactivate, or discontinue this program without amendment to the Uptown Community Improvement Plan.

Further information:  Contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca or visit Waterloo's Uptown Community Improvement Plan page.

 


 

Uptown Waterloo Urban Growth Centre mapReduced Parkland cash-in-lieu fee for infill housing in Uptown Waterloo

Description: Reduction of the Uptown cash-in-lieu of parkland fee for infill housing.

Amount: Reduction of approximately 33 per cent from 0.15 hectare per 300 units to 0.10 hectare per 300 units.

End date: To be re-evaluated by December 2019.

Further information: Please see By-law 2015-44 or contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca.

 

Maximum cap for parkland cash-in-lieu fee for infill housing in Uptown Waterloo

Description: Within Uptown Waterloo, a maximum cap of cash-in-lieu of parkland fee for infill housing.

Amount: Up to a maximum of 15 per cent of land value, or as conveyance of land, based on current market value provided by a qualified land appraiser.

End date: To be re-evaluated by December 2019.

Further information: Please see By-law 2015-44 or contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca.

 

Cash-in-lieu of parkland fee waiver for office or non-residential portion of an Uptown Waterloo mixed-use building

Description: Within Uptown Waterloo, cash-in-lieu of parkland fees for any new non-residential development (with focus on employment uses) located within a free-standing and mixed-use building are waived.

Amount: Financial waiver.

End date: To be re-evaluated by December 2019.

Further information: Please see By-law 2015-44 or contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca.

 

Disclaimer: The purpose of these program summaries is to provide readers with a quick reference of financial incentives potentially available in each area. They do not constitute complete program descriptions. To determine eligibility, please review the detailed program descriptions or contact the appropriate staff person. It is at the issuers' discretion to cancel an incentive at any time. Information is subject to change and accuracy cannot be guaranteed.

 

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