City of Saskatoon Standing Policy Committee Agenda September 2024
Major affordable housing boost for Elmwood Residences
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Description
Elmwood Residences Inc. will benefit from a $1,134,000 grant and $237,066.45 tax abatement over five years for 42 new affordable units.
Contract Details
Contract Amount
$1,134,000.00 capital grant; Five-year tax abatement $237,066.45
Vendor
ELMWOOD RESIDENCES INC
Agency
City of Saskatoon, Canada
Contract Type
SUPPLIES
Document Date
September 4, 2024
Contract Term
Five years abatement
Renewal Info
Five-year tax abatement with 20-year affordability term
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