City of Victoria Awards $677,500 Financial Services Contract to Midtown Affordable Housing Society (May 2026)

The City of Victoria approved a $677,500 Victoria Housing Reserve Fund grant to the Midtown Affordable Housing Society to support the purchase of a 179-unit apartment building at 611 Speed Avenue for below-market cooperative housing. The funding is contingent on long-term housing and grant agreements, proof of ownership, and additional non-refundable financing that secures affordability for at least sixty years.

Scope & details

The full contract record, as filed.

Contract amount

$677,500

Contract type

FINANCIAL_SERVICES

Contract term

Sixty-year housing agreement term for below-market cooperative housing

Renewal

Housing Agreement to secure a minimum of 176 below-market non-profit cooperative units for a 60-year term; grant contingent on execution of Housing Fund Grant Agreement and Housing Agreement, proof of ownership, and securing non-refundable external funding and non-refundable financing from Build Canada Homes.

Document type

AgendaPacket

Source document

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

Related contracts

Other contracts from Midtown Affordable Housing Society.

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City of Victoria AgendaPacket Council Meeting 2026-07-30

REJECTED

City of Victoria, Canada$677,500Jul 30, 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 May 14, 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 Committee of the Whole Agenda Packet May 14 2026 (AgendaPacket), dated May 14, 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?

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