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FINANCIAL_SERVICESRECOMMENDED

County of Peterborough Finance Committee Agenda Packet 2026-06-10

$1.05M Affordable Housing Loan Recommended for Habitat for Humanity

$1,050,000 (maximum construction loan)County of PeterboroughHABITAT FOR HUMANITY PETERBOROUGH & KAWARTHAS REGIONJune 10, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The County of Peterborough Finance Committee recommended Council approval of a $1,050,000 construction loan at 2.8% to Habitat for Humanity Peterborough & Kawarthas Region. The funding is to support the development of three new affordable homes in Asphodel Norwood.

Contract Details

Contract Amount

$1,050,000 (maximum construction loan)

Vendor

HABITAT FOR HUMANITY PETERBOROUGH & KAWARTHAS REGION

Agency

County of Peterborough, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

June 10, 2026

Contract Term

Expected loan period ~6 months, with repayment due on occupancy but not exceeding 3 years per policy

Renewal Date

2027-01-29

Renewal Info

Loan is expected to be for approximately 6 months, with maximum term per program of 3 years. No auto-renewal; repayment required at occupancy or max period end.

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