Financial Programs

Cobourg provides several financial incentives to promote the conservation of our heritage resources. These funding opportunities are administered directly by Planning and Building Staff and the finance department. If you are interested in applying for any municipal incentive programs as detailed below, please submit a complete heritage financial incentives application form.

 

There are several sources of restoration project funding and tax incentive programs for designated property owners:

Permit Fee Program

The Heritage Fee Program has been instituted for all designated buildings under Part IV and Part V of the Ontario Heritage Act. Any project applying for this loan program MUST be consistent with both the Town's Heritage District Guidelines and Parks Canada Standards and Guidelines for the Conservation of Historic Sites.

IF WORK IS STARTED WITHOUT APPROVALS AND PERMITS FULL PERMIT FEES APPLY.

IF WORK IS INCONSISTENT WITH APPROVED PLANS, FULL PERMIT FEES APPLY.

This program waives building and planning fees for restoration, renovation and reconstruction initiatives in the Commercial Core Heritage District (both interior and exterior works). This program does not apply to new construction (new developments and additions).

Permit Fees for restoration, renovation and reconstruction initiatives for exterior works on designated heritage properties outside of the Commercial Core District receive a 50% discount on permit fees. This program does not apply to new construction (new developments and additions).

heritage financial incentives application form

Heritage Loan Program
The Cobourg Heritage Loan program provides monies for exterior restoration projects on designated heritage buildings that receive heritage approval to a maximum of $15,000.00 per project per property. This program is intended to provide additional incentives for both residential and commercial property owners to restore, upgrade or maintain those properties protected under the Ontario Heritage Act . Any project applying for this loan program MUST be consistent with both the Town's Heritage District Guidelines and Parks Canada Standards and Guidelines for the Conservation of Historic Sites. The Treasurer administers the program through Planning and Building Staff.

IF WORK IS STARTED WITHOUT APPROVALS AND PERMITS THE APPLICANT IS NOT ELEGIBLE FOR THE HERITAGE LOAN PROGRAM.

IF WORK IS INCONSISTENT WITH APPROVED PLANS, THE APPLICANT IS NOT ELEGIBLE FOR THE HERITAGE LOAN PROGRAM.

heritage financial incentives application form

Heritage Tax Incentive Program (Commercial Core Only)

The Heritage Tax Incentive Program grants money to building owners in the Commercial Core Heritage District for restoration or redevelopment projects that receive heritage approval. The grant is equal to the annual increase in the town portion of the property taxes resulting from an increase in assessment as a direct result of the project. This is credited against the property taxes annually for a maximum period of ten consecutive years. Any project applying for this program MUST be consistent with both the Town's Heritage District Guidelines and with Parks Canada Standards and Guidelines for the Conservation of Historic Sites. 

 

IF WORK IS STARTED WITHOUT APPROVALS AND PERMITS THE APPLICANT IS NOT ELIGIBLE FOR THE HERITAGE TAX INCENTIVE PROGRAM

IF WORK IS INCONSISTENT WITH APPROVED PLANS, THE APPLICANT IS NOT ELEGIBLE FOR THE HERITAGE TAX INCENTIVE PROGRAM.   

heritage financial incentives application form

Development Charges Credit on Existing Buildings Program
 
The Town of Cobourg has passed an amendment to the Development Charges By-law to provide for greater flexibility in allowing credits for all redevelopment projects which utilize existing buildings.  This program is not specifically for heritage purposes and it is available for all redevelopment in the Cobourg community.  For heritage properties, this could be a change-of-use credit based upon the floor area of the former use versus the new use.  Projects in the Heritage Districts MUST be consistent with both the Town's Heritage District Guidelines and with Parks Canada Standards and Guidelines for the Conservation of Historic Places.

IF WORK IS STARTED WITHOUT APPROVALS AND PERMITS THE APPLICANT IS NOT ELIGIBLE FOR THE DEVELOPMENT CHARGES CREDIT ON EXISTING BUILDINGS PROGRAMS.
 
IF WORK IS INCONSISTENT WITH APPROVED PLANS, THE APPLICANT IS NOT ELIGIBLE FOR THE DEVELOPMENT CHARGES CREDIT ON EXISTING BUILDINGS PROGRAM. 

heritage financial incentives application form

Other Funding Opportunities:

In addition to the Town of Cobourg's Heritage Financial Incentives Program, there are other financial programs an individual may investigate which are operated separately from the Town's programs.

Architectural Conservancy of Ontario (ACO), Cobourg Branch: Cobourg Heritage Fund Grant Program

Smaller restoration projects may be eligible for a grant towards part of the cost from Architectural Conservancy Ontario Cobourg branch. For more information please go to http://www.arconserv.ca/, click on Cobourg in the left hand column and scroll down to the information regarding the Contact Person. 

 

 

 

 

 

 

 

 

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