City of Victoria Council Meeting Agenda Packet May 7, 2026
Build Canada Homes financing tied to co-op grant
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Description
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.
Contract Details
Vendor
BUILD CANADA HOMES
Agency
City of Victoria, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Renewal Info
Financing arrangement is referenced as non‑refundable and intended to guarantee affordability and financial sustainability; specific term or renewal provisions are not provided.
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