ERASE Redevelopment Grant (ERG) program
The ERASE Redevelopment Grant (ERG) Program (the Program) is intended to provide tax increment-based Grants towards costs required to remediate historical environmental contamination on brownfield sites to support their redevelopment/reuse.
Grants are provided directly from the actual increase in municipal property taxes generated due to a site being remediated and redeveloped. Grants are equal to 80% of the municipal tax uplift and are provided for up to 10 years or until program-eligible remediation costs are recovered, whichever comes first.
Grants for ‘enhanced’ projects (which incorporate specific environmental sustainability measures or include a portion of residential units as affordable) increase from 80 per cent to 100 per cent of the municipal tax uplift annually while the duration of grants increases from 10 to 13 years, or until eligible remediation costs are recovered, whichever comes first.