FINANCIAL_SERVICESONGOING

SCHC Secures OILC Financing for Housing Projects

Simcoe County Housing Corporation is utilizing temporary financing from the Ontario Infrastructure and Lands Corporation to support the Orillia Campus Project and the Bradford Development, with combined approvals exceeding $111 million. As of year-end 2024, $20 million had been drawn under this floating-rate facility.

Status
ONGOING
Document date
June 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Ontario Infrastructure & Lands Corporation (oilc)
Agency
County of Simcoe · Canada

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $82,854,300 for Orillia Campus Project and $28,433,422 for Bradford Development; $20,000,000 advanced as of December 31, 2024
Contract type
FINANCIAL_SERVICES
Renewal
Temporary loan facility with floating rate interest to support multiple capital projects; no fixed maturity terms disclosed in the minutes.
Document type
Minutes
Source document
Simcoe County Housing Corporation Minutes 2025-06-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by County of Simcoe?

Ontario Infrastructure & Lands Corporation (oilc) was awarded this financial services contract by County of Simcoe, as recorded on June 24, 2025. The contract value is Up to $82,854,300 for Orillia Campus Project and $28,433,422 for Bradford Development; $20,000,000 advanced as of December 31, 2024.

How much is the Ontario Infrastructure & Lands Corporation (oilc) contract with County of Simcoe worth?

The Ontario Infrastructure & Lands Corporation (oilc) contract with County of Simcoe is valued at Up to $82,854,300 for Orillia Campus Project and $28,433,422 for Bradford Development; $20,000,000 advanced as of December 31, 2024, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Simcoe County Housing Corporation Minutes 2025-06-24 (Minutes), dated June 24, 2025 from County of Simcoe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ontario Infrastructure & Lands Corporation (oilc) hold?

Ontario Infrastructure & Lands Corporation (oilc) 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 Ontario Infrastructure & Lands Corporation (oilc)'s profile

What is County of Simcoe currently buying?

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

View County of Simcoe's profile

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