Build Canada Homes financing tied to co-op grant

The City’s housing grant for 611 Speed Avenue is contingent on Midtown Affordable Housing Society obtaining non‑refundable financing from Build Canada Homes that guarantees long‑term affordability. This financing will support the acquisition and sustainable operation of a 179‑unit cooperative housing development.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Financing arrangement is referenced as non‑refundable and intended to guarantee affordability and financial sustainability; specific term or renewal provisions are not provided.

Document type

AgendaPacket

Source document

City of Victoria Council Meeting Agenda Packet May 7, 2026

Related contracts

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City of Victoria AgendaPacket Council Meeting 2026-07-30

REJECTED

City of Victoria, CanadaJul 30, 2026

Prince Edward County Affordable Housing Corporation Agenda 2026-07-13

DISCUSSED

County of Prince Edward, CanadaJul 13, 2026

City of Victoria Committee of the Whole Agenda Packet May 14 2026

PENDING

City of Victoria, CanadaMay 14, 2026

Ottawa City Council Minutes 2026-04-22

APPROVED

City of Ottawa, Canadaup to $250 million (City contribution through fee exemptions, waivers, and tax relief)Apr 22, 2026

Ottawa City Council Meeting Agenda April 22, 2026

APPROVED

City of Ottawa, Canadaup to $250 million (City contribution via fee and tax exemptions)Apr 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Victoria?

Build Canada Homes was awarded this financial services contract by City of Victoria, as recorded on May 7, 2026.

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 Build Canada Homes hold?

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