DESCRIPTION
CCOC is a non-profit housing provider in Ottawa. CCOC serves low- and-moderate income households across Ottawa's urban neighbourhoods. In 2023, a fire damaged CCOC's former 32-unit apartment building at this location beyond repair. All tenants were rehoused elsewhere, and the remnants of the previous building were demolished. CCOC is proposing to redevelop the site as a 6-storey, non-combustible, Net Zero Ready building with 64 new affordable homes. The project includes a mix of unit types at different rental rates, built to universal accessibility standard.
DETAILS
Property Id
Phase
Pre-Development
Affordability Framework
30% of units must be less than 80% of the Median Market Rent for Ottawa, maintained for a minimum of 20 years. The remainder of unit rents will be set in accordance with CCOC's mixed-income housing policy.
Target Completion Date
30-06-2028
Total Project Cost
$32,000,000
Total Units
64
Affordable Units
64
Populations Served
Key Workers
Project Funding
Funding Required
Up to $5M in equity.
Funds Raised
$80K CMHC Seed Grant, $250K FCM Studies Grant, Applied for CMHC AHF funding ($25.5M)
Use of funds
The funds will allow CCOC to reduce our equity contribution for the build.
MAP
