FCM Loans and Grants Back Affordable Housing Builds

The Region has secured paired loans and grants from the Federation of Canadian Municipalities’ Green Municipal Fund to support affordable housing developments at 82 Wilson Avenue and 420 Kingscourt Drive. Two 10-year debenture-backed loans totaling about $5 million, alongside equal grant funding, will finance construction while maintaining manageable annual debt servicing costs.

Document date · August 26, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Loan: $2,031,550; Grant: $2,031,550 for 82 Wilson Avenue; Loan: $2,968,450; Grant: $2,968,450 for 420 Kingscourt Drive

Contract type

FINANCIAL_SERVICES

Contract term

10-year loans at 4.07% interest, settling September 10, 2026

Renewal date

2036-09-10

Renewal

Each FCM loan is a 10-year debenture with a prepayment option after the midpoint of the term; no renewal beyond the fixed term is described.

Document type

Agenda

Source document

Regional Municipality of Waterloo Council Addendum Agenda 2026-08-26

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Regional Municipality of Waterloo?

Federation of Canadian Municipalities was awarded this financial services contract by Regional Municipality of Waterloo, as recorded on August 26, 2026. The contract value is Loan: $2,031,550; Grant: $2,031,550 for 82 Wilson Avenue; Loan: $2,968,450; Grant: $2,968,450 for 420 Kingscourt Drive.

How much is the Federation of Canadian Municipalities contract with Regional Municipality of Waterloo worth?

The Federation of Canadian Municipalities contract with Regional Municipality of Waterloo is valued at Loan: $2,031,550; Grant: $2,031,550 for 82 Wilson Avenue; Loan: $2,968,450; Grant: $2,968,450 for 420 Kingscourt Drive, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Regional Municipality of Waterloo Council Addendum Agenda 2026-08-26 (Agenda), dated August 26, 2026 from Regional Municipality of Waterloo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federation of Canadian Municipalities hold?

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