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Home / Tools & Data / Financial Incentives / Municipal Programs / DOWNTOWN & BARTON / KENILWORTH HOUSING OPPORTUNITIES (DBKHO) PROGRAM

DOWNTOWN & BARTON / KENILWORTH HOUSING OPPORTUNITIES (DBKHO) PROGRAM

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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 10 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 10 new dwelling units; and/or,
– The conversion of existing non-residential space into housing consisting of at least 10 new dwelling units.  

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