City of Langford Housing Agreement and Covenant October 2025
Credit Union Subordinates Mortgage to Support Housing Covenant
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Description
Coastal Community Credit Union agreed to subordinate its mortgage and assignment of rents to the City of Langford's affordable housing covenant at 2829 Knotty Pine, ensuring the City's interests have priority on title.
Contract Details
Vendor
COASTAL COMMUNITY CREDIT UNION
Agency
City of Langford, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
October 21, 2025
Renewal Info
Priority agreement is irrevocable and not subject to renewal; remains in force as long as covenant is registered.
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