Co-op housing grant withdrawn by Midtown Society

The City of Victoria’s Committee of the Whole had approved a $677,500 Victoria Housing Reserve Fund grant to Midtown Affordable Housing Society to support purchase of a 179‑unit co‑operative housing building at 611 Speed Avenue, contingent on a 60‑year housing agreement and other funding. The society withdrew its application on July 7, 2026 after not obtaining required Build Canada Homes financing, ending the grant process for now.

Scope & details

The full contract record, as filed.

Contract amount

$677,500

Contract type

FINANCIAL_SERVICES

Contract term

60 years (minimum 176 below-market units secured as non-profit co-operative housing)

Renewal date

2086-04-16

Renewal

Initial approval was contingent on execution of a Housing Fund Grant Agreement and a 60‑year Housing Agreement; the application was withdrawn before agreements were executed. Applicant may reapply in future but no active agreement exists.

Document type

AgendaPacket

Source document

City of Victoria AgendaPacket Council Meeting 2026-07-30

Related contracts

Other contracts from Midtown Affordable Housing Society.

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City of Victoria Committee of the Whole Agenda Packet May 14 2026

APPROVED

City of Victoria, Canada$677,500May 14, 2026

City of Victoria Council Meeting Agenda Packet May 7, 2026

APPROVED

City of Victoria, Canada$677,500May 7, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Midtown Affordable Housing Society was awarded this financial services contract by City of Victoria, as recorded on July 30, 2026. The contract value is $677,500.

How much is the Midtown Affordable Housing Society contract with City of Victoria worth?

The Midtown Affordable Housing Society contract with City of Victoria is valued at $677,500, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Victoria AgendaPacket Council Meeting 2026-07-30 (AgendaPacket), dated July 30, 2026 from City of Victoria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midtown Affordable Housing Society hold?

Midtown Affordable 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 Midtown Affordable 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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