Ottawa municipal committee approves surplus land transfer for affordable housing

0
279

 

Ontario Construction News staff writer

Ottawa’s Finance and Economic Development Committee has approved the transfer of land at 3380 Jockvale Rd. the Ottawa Community Housing Corporation (OCHC) to build affordable housing.

The city has already declared the lands surplus and OCHC has secured funding to build 32 housing units geared to families experiencing or at risk of homelessness, with the potential for another 25 units in a second phase.

Documents from the city indicate the land had a value of about $1.6 million in 2020.  This represents $28,000 per unit at full build-out. The city originally planned to grant a zero-cost 20-year lease for the land, but officials decided it made better sense to deed the land in fee-simple to the community housing corporation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.