File Photo/CHAT News

By Eli J. Ridder

CITY HALL

Medicine Hat launches fourth round of infill incentive applications

Nov 7, 2024 | 3:06 PM

The City of Medicine Hat has opened up an incentive that aims to encourage developers to build more multi-family housing options, diversify the housing market and enhance the value of its urban areas.

Wednesday marked the start of a fourth round of intakes for the Housing Infill and Redevelopment Incentive program that will remain ope until 5 p.m. on Nov. 20.

Owners of an infill property can apply and may be eligible for an incentive of $15,000 per dwelling unit for new residential development on a single site and $7,500 for the development of a backyard suite.

From a developer’s perspective, infill and redevelopment projects often come with additional costs and challenges, making incentives like the city’s crucial for urban redevelopment.

The program provides financial assistance to developers and property owners to encourage the rapid development and construction of infill and redevelopment properties.

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Development incentives provide financial assistance to help spur growth, expansion and innovation in our community.

Those interested can apply on the city incentives home page.