City of Ottawa Minutes Comité des finances et des services organisationnel 2026-06-02
Council OKs $7.82M SPHIF Grant For 365 Forest Project
Trusted by teams at
Description
Ottawa Council approved an estimated $7.82 million, 20-year SPHIF tax increment grant to 11061917 Canada Inc. for an affordable housing project at 365 Forest under the Affordable Housing Community Improvement Plan. The grant will be paid annually based on per-unit amounts or 50% of the municipal tax increment, subject to a formal agreement.
Contract Details
Contract Amount
Environ 7 820 000 $ sur 20 ans
Vendor
11061917 CANADA INC
Agency
City of Ottawa, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
20 ans
Renewal Date
2046-12-31
Renewal Info
SPHIF grant extends for up to 20 years with total capped at 50% of the incremental municipal property tax; ongoing payments depend on compliance with the Affordable Housing CIP grant agreement terms.
More from 11061917 CANADA INC
Related Contracts
City of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
PENDINGCity of Ottawa Agenda Finance and Corporate Services Committee Agenda 2026-06-02
PENDINGCity of Ottawa Finance and Corporate Services Committee Agenda 2026-06-02
PENDINGCity of Ottawa Finance and Corporate Services Committee Minutes 2026-06-02
PENDINGCity of Ottawa Minutes Comité des finances et des services organisationnel 2026-06-02
APPROVEDMore from City of Ottawa
City of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
City of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
City of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
City of Ottawa Agenda Finance and Corporate Services Committee Agenda 2026-06-02
City of Ottawa Agenda Finance and Corporate Services Committee Agenda 2026-06-02
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.