Lloydminster to help pay for rundown homes under new program

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Eligible applicants must own, or have written authorization from the owner to improve, a residential property located within a designated neighbourhood redevelopment area or on a property designated by the city. 

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Projects must comply with zoning, permitting and building code requirements, and applicants must receive approval before work begins.  

The policy also aims to encourage infill development on vacant or underused lots, improve the condition of existing housing and support the development of diverse and affordable housing options, while reducing pressure for expansion into new areas.  

Applications will be reviewed by the city’s Economic Development Advisory Committee, which will determine whether projects meet the program’s eligibility requirements, align with municipal economic development priorities and demonstrate sufficient community and economic benefit before directing administration to proceed. 

Priority may be given to projects in areas identified for infrastructure renewal or strategic redevelopment.  

The City has budgeted $100,000 to implement the program. 

According to the report to council, the policy gives Lloydminster a formal framework to encourage private reinvestment, support property improvements and address deteriorating residential properties in a coordinated manner.

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cjnbnews@pattisonmedia.com