HomeAccueil / Surplus Property Transition Initiative

Surplus Property Transition Initiative

September 29, 2017 • 2 min read

The Ministry of Infrastructure has re-launched an expanded version of the Surplus Property Transition Initiative, an existing program to support community organizations involved with developing community hubs at the local level across Ontario.

The Surplus Property Transition Initiative helps organizations and community groups transition surplus publicly owned properties, such as schools, public hospitals or other publicly owned properties to meet community needs. There are two stages to this expanded program.

  • Holding cost stage:
    • provides funding to hold publicly owned properties for up to 18 months that are no longer in use or that have been deemed surplus
    • this gives organizations time to:
      • find partners
      • complete a business plan and
      • secure funding to redevelop the property into a community hub
  • Fair value offset stage (New):
    • provides funding to help community organizations acquire eligible surplus properties at below fair value to support community re-use

Details including eligibility criteria and how to apply can be found at: www.ontario.ca/page/surplus-property-transition-initiative. 

Applications will be accepted beginning May 4, 2018.

Share this article! Select your platform:Partagez cet article:

Related Content

Articles Liés

collaboration spectrum
 Definition of Governance: Broadly speaking, governance is about the decision-making and accountability within an organisation. This relies upon structures and ...
Pinewood School
The Urban Indigenous Homeward Bound Hub brings together key service providers and community leaders around a shared vision in Dryden, ...
St Joseph’s Kingsbridge Community (SJKC) was created as a registered charity with the goal of providing a large multi use ...
{:ca}Healthy Rural Communities Toolkit: A Guide for Rural Municipalities{:}{:fr}Trousse pour les collectivités rurale en santé: Guide pour les municipalités rurales {:}
This guide is for rural community leaders who are undertaking rural planning and development to improve the health of their ...

Join the conversation Rejoindre la conversation

  Subscribe  
Notify of