$1.05M Affordable Housing Loan Recommended for Habitat for Humanity
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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.
More from County of Peterborough
County of Peterborough Finance Committee Agenda Packet 2026-06-10
County of Peterborough Agenda 2026-06-03
County of Peterborough Agenda 2026-06-03
County of Peterborough Agenda 2026-06-03
County of Peterborough Agenda 2026-06-03
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