About LSTAR Regional Commercial Council
The Regional Commercial Council (RCC) of the London and St. Thomas Association of REALTORS® is committed to assisting its Members to succeed in commercial real estate. The Council came into effect on March 24, 2004.
The Council’s mandate is to:
- Represent the interests of its membership;
- Contribute to the Council Members’ professional development and expertise;
- Develop recommendations on matters of public policy of a commercial nature and forward to appropriate authorities; and
- Foster co-operation in the exchange of information among Council Members.
In pursuing its mandate, the Council recognizes that the Board of Directors has the primary responsibility and authority to manage LSTAR’s affairs and agrees to conduct its activities in such a way as to avoid conflict or duplication.
REALTOR® Mike Jakupi chairs the 2013 Executive of the London and St. Thomas Association of REALTORS® Regional Commercial Council. Also, on the Executive are Greg Harris (Past Chair), as well as Chris Burgard, Knute Dohnberg, Jack Lane, Joe Pereira and Bruce Sworik.
City of London's Convert-To-Rent (CTR) /Rehabilitation Assistance Program
The program encourages the conversion of vacant, unused second and third floor space above street-front commercial establishments & street level space behind store fronts to self-contained rental residential units and the redevelopment/conversion of vacant and/or underutilized residential and non-residential structures to create new rental units.
This program is available in the Downtown Business Improvement Area, the Old East Village Business Improvement Area, the properties between these two areas fronting on Dundas Street, Hamilton Road Business Area and the SOHO District Community Improvement Area. Exceptions to these geographic areas will be reviewed, on a case-by-case basis, for specific properties outside the program area that meet all other criteria.
The City of London Convert-to-Rent/Rehabilitation (CTR/Rehab) Assistance Program financial assistance will be up to $48,000 per self-contained rental unit, to a maximum of seven (7) units or a maximum of $336,000 per property. This is a fully forgivable loan, which will not have to be repaid provided the proponent meets certain conditions.
The document for the 2012 Convert-To-Rent/Rehabilitation Assistance Program and an Application Form is available in PDF format below: