HEART OF OUR CITY 
DOWNTOWN DEVELOPMENT INCENTIVES

The Heart of our City is part of the long-term project to revitalize Downtown Lethbridge. Successful downtowns accommodate a range of commercial, cultural, residential, and recreational activities; they are vibrant and prestigious destinations, attracting businesses, residents, and tourists; and they provide a high level of amenity and economic opportunity for the community at large. The Heart of Our City has been instrumental in the development of a number of incentive programs to stimulate development within the Downtown, including:

Housing Incentive Program (HOCHIP)

  • Incentive of $30,000 per unit towards the creation of new market-based housing units in Downtown. The incentive is intended to offset the cost disadvantage between Downtown and sub-urban development sites.

Targeted Redevelopment Incentive Program (TRIP)

  • Municipal tax cancellation policy to provide an incentive for the construction of major renovations of commercial/office/retail and mixed-use projects that lead to the significant and ongoing enhancement of the assessment base generated in Downtown.

Main Street Program

  • a 50% matching incentive to improve the visual appearance of businesses in Downtown. There are three components of the main street program:
    • Facade Treatments: Up to $15,000 per 25' building frontage
    • Signage: Up to $1,000 per sign
    • Crime Prevention Through Environmental Design (CPTED) Improvements: Up to $5,000

Business Improvement Loan

  • Program that provides interest-free loans up to $15,000 for downtown businesses to improve the appearance and/or function of their business, with interest paid for by Heart of Our City.

Adaptive Reuse Incentive Program:

  • A new incentive that has been approved in concept and funded by Council. Details currently being developed but will provide a 50% matching incentive up to $100,000 to facilitate improvements to facilitate continued use of historic building stock. 

For more information please contact:
Andrew Malcolm, Urban Revitalization Manager - andrew.malcolm@lethbridge.ca; 403-320-3926