FINANCIAL_SERVICESAPPROVED

City of Victoria Awards $757,500 Financial Services Contract to M’akola Housing Society (February 2025)

The City approved a $757,500 grant to the M’akola Housing Society for the 55-unit affordable rental housing project at multiple addresses, pending legal agreements and development approvals, with affordability secured for 60 years.

Status
APPROVED
Document date
February 13, 2025
Contract type
FINANCIAL_SERVICES
Vendor
M’akola Housing Society
Agency
City of Victoria · Canada

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$757,500
Contract type
FINANCIAL_SERVICES
Contract term
60 years affordable/below-market housing commitment
Renewal date
2084-12-12
Renewal
Subject to legal agreements and permit approvals; 60-year affordability period; staged disbursement; no auto-renewal.
Document type
Agenda
Source document
City of Victoria Council Meeting Agenda February 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Victoria?

M’akola Housing Society was awarded this financial services contract by City of Victoria, as recorded on February 13, 2025. The contract value is $757,500.

How much is the M’akola Housing Society contract with City of Victoria worth?

The M’akola Housing Society contract with City of Victoria is valued at $757,500, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Victoria Council Meeting Agenda February 2025 (Agenda), dated February 13, 2025 from City of Victoria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does M’akola Housing Society hold?

M’akola Housing Society may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View M’akola Housing Society's profile

What is City of Victoria currently buying?

Explore City of Victoria's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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