Build Canada Homes financing required for co‑op project

The City of Victoria’s grant approval for the Midtown Affordable Housing Society requires the society to secure non-refundable financing from Build Canada Homes to ensure long-term affordability and financial sustainability of the 611 Speed Avenue co-op housing project. This financing condition must be met before the City releases its $677,500 grant.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Financing must be non-refundable and structured to guarantee project affordability and financial sustainability; detailed terms not specified in the minutes.

Document type

AgendaPacket

Source document

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

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City of Victoria AgendaPacket Council Meeting 2026-07-30

REJECTED

City of Victoria, CanadaJul 30, 2026

Prince Edward County Affordable Housing Corporation Agenda 2026-07-13

DISCUSSED

County of Prince Edward, CanadaJul 13, 2026

City of Victoria Council Meeting Agenda Packet May 7, 2026

PENDING

City of Victoria, CanadaMay 7, 2026

Ottawa City Council Minutes 2026-04-22

APPROVED

City of Ottawa, Canadaup to $250 million (City contribution through fee exemptions, waivers, and tax relief)Apr 22, 2026

Ottawa City Council Meeting Agenda April 22, 2026

APPROVED

City of Ottawa, Canadaup to $250 million (City contribution via fee and tax exemptions)Apr 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Build Canada Homes was awarded this financial services contract by City of Victoria, as recorded on May 14, 2026.

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.

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