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

The City of Victoria is set to provide a $677,500 Victoria Housing Reserve Fund grant to Midtown Affordable Housing Society to help purchase a 179‑unit apartment building at 611 Speed Avenue for non‑profit cooperative housing. The funding is tied to a 60‑year housing agreement securing 176 below‑market units, along with additional external funding and financing commitments.

Scope & details

The full contract record, as filed.

Contract amount

$677,500

Contract type

FINANCIAL_SERVICES

Contract term

Sixty years (housing agreement term)

Renewal

Housing Agreement to secure at least 176 below‑market co‑op units for a term of sixty years; grant payable upon execution of the Housing Fund Grant Agreement and Housing Agreement and fulfilment of external funding conditions.

Document type

AgendaPacket

Source document

City of Victoria Council Meeting Agenda Packet May 7, 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 Committee of the Whole Agenda Packet May 14 2026

APPROVED

City of Victoria, Canada$677,500May 14, 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 7, 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 Council Meeting Agenda Packet May 7, 2026 (AgendaPacket), dated May 7, 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

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

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