City of Victoria Committee of the Whole Agenda Packet May 14 2026
Build Canada Homes financing required for co‑op project
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Description
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.
Contract Details
Vendor
BUILD CANADA HOMES
Agency
City of Victoria, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Renewal Info
Financing must be non-refundable and structured to guarantee project affordability and financial sustainability; detailed terms not specified in the minutes.
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