City approves $250M partnership with Build Canada Homes
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Description
Ottawa City Council approved a major partnership with Build Canada Homes that includes up to $250 million in fee waivers, development charge exemptions, and long-term property tax relief to support affordable housing projects. The agreement provides a tailored approval and permitting process for BCH developments, with a 75-year Municipal Housing Facility tax exemption for designated units.
Contract Details
Contract Amount
up to $250 million (City contribution through fee exemptions, waivers, and tax relief)
Vendor
BUILD CANADA HOMES
Agency
City of Ottawa, Canada
Contract Type
OTHER
Document Date
April 22, 2026
Contract Term
Property tax exemption for 75 years for units designated as a Municipal Housing Facility; other incentives tied to duration of partnership projects
Renewal Info
Partnership approvals and financial incentives are project-based; the 75-year property tax exemption applies for the duration of Municipal Housing Facility designation on supported units. Any future extensions or changes would require further Council approval or by-law amendments.
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