Apply for the Commercial Space Rehabilitation Grant Program

Written by startup news

February 9, 2022

Apply for the Commercial Space Rehabilitation Grant Program for owners and tenants of vacant properties this year. If you are a business seeking business grant, you must apply for this one. Check other Details and the Eligibility Criteria for more information.

Sponsoring Agency: City of Toronto 

Type of Fund: Grant

Deadline: February 28, 2022

Details:

The Commercial Space Rehabilitation Grant Program offers matching funding of 50 percent to commercial business operators and owners of storefronts that are vacant (or, in certain limited circumstances, at risk of becoming vacant) to undertake interior improvements, assisting businesses to re-lease space impacted by COVID-19

Eligibility Criteria

The following projects would be considered eligible for a Commercial Space Rehabilitation Grant:

  • Structural upgrades, interior light fixtures, HVAC (heating, ventilation, and air conditioning), plumbing, electrical, interior painting, flooring/ceiling/walls, permanently-affixed counters, merchandise displays, and accessibility improvements, among others.
  • Architectural, engineering, certified Accessibility for Ontarians with Disabilities Act (“AODA”) specialist and Building Code Identification Number (BCIN) registered designer fees may be covered to a maximum of $2,000 per application as part of the base grant.
  • Multi-unit properties are eligible for additional grant funding of up to $4,000 per unit for each additional unit for which improvements are proposed, to a maximum of $20,000.
  • Additional grant funding of up to $4,000 is available for interior accessibility improvements which meet Accessibility for Ontarians with Disabilities Act (“AODA”) design standards.
  • A minimum of three eligible improvements must be made to each unit.

Ineligible Projects:

  • Maintenance to fix broken windows, interior lighting, or security systems, clean clogged plumbing, or replace ceiling panels.
  • Only one application for a business chain or for any franchise organization is permitted.
  • Applications for work totaling less than $5,000 are ineligible.
  • The program is not to cover maintenance costs of existing interior property elements.
  • Places of worship, institutional buildings, not-for-profit commercial buildings, and residential buildings are ineligible for the program.
  • Moveable furniture, window coverings, equipment, appliances, computers, IT expenses, or elements such as tiling outside of the front door, are ineligible.

Funding Information

What you must know about this business grant:

The program offers matching funding equal to 50 percent of the cost of interior improvements to vacant commercial properties at street level.

  • The maximum base grant under the program is $20,000 (based on a minimum of $40,000 of improvements).
  • Further funding of up to $4,000, for a total maximum grant of $24,000, is available for upgrades to meet AODA accessibility standards.
  • Additional funding of up to $20,000 ($4,000 per additional unit, for up to five units) is available for multi-unit properties.

For more information, visit here.

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