Apply for the Development Incentive Program
The Development Incentive Program supports local development and investment and demonstrates a commitment towards making Castlegar development ready.
Development Services
The program includes two options, a reduction of development costs or revitalization tax exemptions, giving developers the choice of which incentive best fits their needs
The Development Incentive Program supports local development and investment and demonstrates a commitment towards making Castlegar development ready. The Program includes two options, a reduction of development costs or revitalization tax exemptions, giving developers the choice of which incentive best fits their needs.
Downtown
The Tax Revitalization Program offers a 6-year tax exemption for eligible commercial and multi-family developments in the downtown.
Development Cost Charge Reductions (DCCs) may be reduced by 100% for non-profit rental housing and 50% for market rental housing.
Flexible Zoning: The Downtown Commercial Zone provides for a wide variety of permitted uses and mix of uses, including commercial, residential, and civic land uses.
Housing
The Tax Revitalization Program offers a 6-year tax exemption for eligible rental and market housing developments in the downtown and specified growth areas for multi-family developments that contain four or more units.
Development Cost Charge Reductions (DCCs) may be reduced by 100% for non-profit rental housing. There is an available 50% DCC reduction for market rental housing downtown and 30% DCC reduction for market rental housing in specified growth areas.
Development Cost Charge Reductions (DCCs) for Low Environmental Impact Development offers reductions for mixed residential and commercial, commercial and light industrial based on a Low Environmental Development point system and sustainability checklist.
Business
The Tax Revitalization Program offers a 6-year tax exemption for eligible commercial and industrial developments and improvements throughout the City, with higher rates available within the downtown core.
Development Cost Charge Reductions (DCCs) for Low Environmental Impact Development offers reductions for mixed residential and commercial, commercial and light industrial based on a Low Environmental Development point system and sustainability checklist.
How to Apply
Please contact Development Services for more information about eligibility and how to apply.