Ottawa – With its 2020 budget, the City committed $15 million in capital funding for new affordable housing in Ottawa. On June 25th, the City’s Planning Committee approved a spending plan to help housing providers deliver more than 550 new affordable units.
The funds will focus on projects that provide affordable housing to low- and moderate-income renters and supportive housing. $10 million would go to Ottawa Community Housing Corporation for projects including 338 units within Phase I of Gladstone Village and 220 units within Phase II of Rochester Heights. An additional $2 million would fund pre-development activities to prepare surplus City-owned lands already identified for affordable housing.
The City has also set aside $3 million to acquire or finance hotels and motels that might become available due to current economic conditions. A request for offers was issued in May and could add to the overall number of affordable units created.
Recommendations from Planning Committee meeting will go to Council on Wednesday, July 15.
