DOWNTOWN & BARTON / KENILWORTH HOUSING OPPORTUNITIES (DBKHO) PROGRAM
Overview: This Program is intended to provide financial assistance to promote the development of multiple dwelling units that will create new housing opportunities. Activities supported by this Program include: – The creation of at least ten new dwelling units through the development of a multiple dwelling on vacant land, surface parking areas or the redevelopment of existing buildings; – A building addition containing at least ten new dwelling units; and/or, – The conversion of existing non-residential space into housing consisting of at least 10 new dwelling units. ten Amount: The maximum Loan is the lesser of $4,000,000 or 25% of the Cost to Construct Budget for the development Where: This Program applies within the following Community Improvement Project Areas: the Barton Village Commercial District, Downtown Hamilton Commercial District, and the Barton Street East and Kenilworth Avenue North Strategic Commercial Corridors. Goals: new housing, population growth |