Urban Development Incentives
The City of Saint John offers financial incentives to undertake development or beautification projects on the Central Peninsula. The Central Peninsula includes the Uptown, South End, and Waterloo Village.
There are three funding opportunities that may help with your urban development project:
- Residential Density Grant: Provides base funding over five years.
- Construction Challenges Grant: Provides immediate assistance upon project completion to address the unique challenges of development on the Central Peninsula in the form of 25% of construction challenges cost up to a maximum of $50,000, or 5% of total construction costs.
- Building Permit Grant: Provides a grant for non-market housing projects equal to 80% of the cost of the building permit fee for the project to a maximum of $10,000.
Since launching, this program has generated several projects that added residential units to vacant buildings, upper floors, and infill lots. In addition, property owners are making improvements to their front façades and yards.
Beautification Grant Program
The City of Saint John offers residents and property owners Urban Beautification Incentives to keep their buildings attractive. The grant offers 35% of the cost of improving exterior front facades and yards up to a maximum of $4,000, or $6,000 for corner lots.