FINANCIAL_SERVICESRECOMMENDED

South Frontenac Seeks $17 Million CMHC Housing Loan

South Frontenac recommended authorizing a $17 million CMHC loan for the Verona Housing Project. The proposed financing carries a 4.95% rate, a 10-year term with an optional additional 10 years, and 50-year amortization, pending CMHC approval and a rate offer.

Document date · October 6, 2026

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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

Scope & details

The full contract record, as filed.

Contract amount
$17,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
10 years with an option for an additional 10-year term; 50-year amortization
Renewal
The proposed loan has a 10-year term with an option for an additional 10-year term. Financing remains subject to CMHC acceptance of the application and issuance of a rate offer letter agreement.
Document type
Agenda
Source document
Township of South Frontenac Agenda 2026-10-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of South Frontenac?

Canada Mortgage & Housing Corporation (cmhc) was awarded this financial services contract by Township of South Frontenac, as recorded on October 6, 2026. The contract value is $17,000,000.00.

How much is the Canada Mortgage & Housing Corporation (cmhc) contract with Township of South Frontenac worth?

The Canada Mortgage & Housing Corporation (cmhc) contract with Township of South Frontenac is valued at $17,000,000.00, 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 Township of South Frontenac Agenda 2026-10-06 (Agenda), dated October 6, 2026 from Township of South Frontenac. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Canada Mortgage & Housing Corporation (cmhc) hold?

Canada Mortgage & Housing Corporation (cmhc) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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