City of Ottawa Finance and Corporate Services Committee Minutes 2026-06-02
Twenty-Year SPHIF Grant Approved for 601 Mountaineer Project
Trusted by teams at
Description
The committee recommended approving an estimated $2.64 million, 20‑year SPHIF tax increment grant for 11275500 Canada Inc. for an affordable housing project at 601 Mountaineer Private. Annual grants will be tied to the number of affordable units and capped at 50% of the municipal tax increase, subject to a CIP grant agreement.
Contract Details
Contract Amount
Environ 2 640 000 $ sur 20 ans
Vendor
11275500 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
Grant term fixed at 20 years; any minor adjustments to unit counts and associated SPHIF amounts may be authorized by the Director within the 50% tax increment cap before agreement signing.
More from 11275500 CANADA INC
Related Contracts
City of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
PENDINGCity of Ottawa Agenda Comité des finances et des services organisationnels 2026-06-02
APPROVEDCity 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 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.