Offers low-interest loans to help property owners overcome barriers in securing traditional financing.
Jan 1, 2025
Home News & Resources ERASE Commercial Districts Remediation Loan Program
The program supports the remediation of historical environmental contamination on brownfield sites, supporting their redevelopment and reuse.
Eligibility
Available within Sub-Area 2 – Strategic Commercial Districts and Corridors of the Historically Developed Area, which includes the Ancaster, Barton Village, Binbrook, Concession Street, Downtown Hamilton, Dundas, Locke Street, Ottawa Street, Stoney Creek, Waterdown, and Westdale commercial districts, the Mount Hope/Airport Gateway, the Barton Street and Kenilworth Avenue North commercial corridors, and other strategic commercial corridors throughout the city.
Amount
Loans covering up to 80% of eligible remediation costs per site, with a maximum of $400,000.
How to Apply
Please download and complete the application form. Once completed, email it to Johnpaul Loiacono at johnpaul.loiacono@hamilton.ca.