Barrie Pursues Recovery of Redwood Supportive Housing Loan
City of BarrieCity · Barrie, ON- Disclosed value
- Up to $3 million interest-free unsecured construction loan; $500,000 forgiveness amendment; approximately $3 million plus accrued interest remains outstanding
- From agenda
- Document date
- Nov 4, 2026
The 30-second brief
The City of Barrie previously provided Redwood Builds with an interest-free construction loan of up to $3 million for supportive housing projects. After an amended repayment arrangement was not met, the approximately $3 million balance plus interest remained in default, prompting Council to direct continued recovery efforts.
Redwood Builds holds this financial services contract with City of Barrie.
Term as filed: Approved June 28, 2021; repayment deadline extended through December 31, 2025; amended in May 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $3 million interest-free unsecured construction loan; $500,000 forgiveness amendment; approximately $3 million plus accrued interest remains outstanding
- Document date
- November 4, 2026
- Term
- Approved June 28, 2021; repayment deadline extended through December 31, 2025; amended in May 2025
- Vendor
- Redwood Builds
- Agency
- City of Barrie
- Source document
- City of Barrie Agenda City Council 2026-11-04 (Agenda)
Redwood Builds's other public contracts
More City of Barrie contracts
Questions about this contract
Who was awarded the financial services contract by City of Barrie?
Redwood Builds was awarded this financial services contract by City of Barrie, as recorded on November 4, 2026. The contract value is Up to $3 million interest-free unsecured construction loan; $500,000 forgiveness amendment; approximately $3 million plus accrued interest remains outstanding.
How much is the Redwood Builds contract with City of Barrie worth?
The Redwood Builds contract with City of Barrie is valued at Up to $3 million interest-free unsecured construction loan; $500,000 forgiveness amendment; approximately $3 million plus accrued interest remains outstanding, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Barrie Agenda City Council 2026-11-04 (Agenda), dated November 4, 2026 from City of Barrie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Redwood Builds hold?
Redwood Builds may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Barrie currently buying?
Explore City of Barrie's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.