City of Ottawa Finance and Corporate Services Committee Minutes 2026-06-02
SPHIF Tax Grant Endorsed for 365 Forest Affordable Housing
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Description
The committee backed an estimated $7.82 million SPHIF grant over 20 years for 11061917 Canada Inc. to support affordable housing at 365 Forest Street, with payments based on affordable unit counts and capped at half of the municipal tax uplift. The grant will be formalized through an affordable housing CIP agreement.
Contract Details
Contract Amount
Environ 7 820 000 $ sur 20 ans
Vendor
11061917 CANADA INC
Agency
City of Ottawa, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
20 ans
Renewal Date
2046-12-31
Renewal Info
Grant duration set at 20 years; Director is authorized to make minor changes to unit numbers and related grant amounts within the 50% tax increment ceiling prior to final agreement.
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