Barrie Pursues Recovery of Redwood Housing Construction Loan

The City of Barrie directed staff to continue efforts to recover its approximately $3 million construction loan to Redwood Park Communities Builds. The interest-free unsecured loan, issued for supportive housing projects, remains outstanding with accrued interest after Redwood missed amended repayment deadlines.

Document date · September 16, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $3 million; full $3 million plus accrued interest remains outstanding

Contract type

FINANCIAL_SERVICES

Contract term

Loan provided June 28, 2021; repayment deadline extended to December 31, 2025

Renewal date

2025-12-31

Renewal

Repayment terms were extended multiple times between August 9, 2021 and March 6, 2024. Council amended the promissory note in May 2025, but the conditional $500,000 forgiveness was not realized because Redwood did not satisfy the repayment conditions.

Document type

Minutes

Source document

City of Barrie Minutes Finance and Responsible Governance Committee 2026-09-16

Frequently asked questions

Common questions about this contract, answered from the record.

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

Redwood Park Communities Builds was awarded this financial services contract by City of Barrie, as recorded on September 16, 2026. The contract value is Up to $3 million; full $3 million plus accrued interest remains outstanding.

How much is the Redwood Park Communities Builds contract with City of Barrie worth?

The Redwood Park Communities Builds contract with City of Barrie is valued at Up to $3 million; full $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 minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Barrie Minutes Finance and Responsible Governance Committee 2026-09-16 (Minutes), dated September 16, 2026 from City of Barrie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Redwood Park Communities Builds hold?

Redwood Park Communities 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.

View Redwood Park Communities Builds's 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.

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