CIP grants and Loans for 2019 announced

The intent of the Downtown Community Improvement Program (CIP) is to provide money incentives for the upgrade of Downtown properties so that Downtown would become more attractive and prosperous.  The first grants and loans were in 2016 and they have been disbursed each year since then. (See reports below).  For 2019, there will be only one intake (instead of 2 in previous years) and the budget decreased from $150K to $75K.  In addition, there will be an increased focus on larger projects like the one in 2018 at 35 King (Cheslers) which added new apartment units.  Another criterion is high leverage – that is, where the total project costs a significant multiple of the amount granted.  Note that the cost… Read complete articleCIP grants and Loans for 2019 announced