City of Ottawa and feds partner to build 3,000 new affordable housing units

Build Canada Homes and the City of Ottawa have partnered to accelerate the construction of up to 3,000 affordable housing units, with the goal of breaking ground next year.

Prime Minister Mark Carney announced the partnership at the Mayor’s Breakfast Series early Monday morning, along with a joint investment of $400 million.

Under the agreement, the City of Ottawa also promised to reduce or waive development charges, permit fees and property taxes on “priority projects” for 2,000 new housing units.

Build Canada Homes, a new federal agency that will oversee the construction of affordable homes, will also help finance an additional 1,000 non-market housing units in the city’s portfolio.

“By fast-tracking approvals, streamlining permitting and development, building faster on federal and municipal lands, and attracting private capital, this partnership is a model for how to build across this country,” Carney told the crowd in a packed room inside the Rogers Centre.

More to come… 

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