Overview
- Prime Minister Mark Carney announced the partnership Monday with a joint commitment of $400 million.
- The City of Ottawa will reduce or waive development charges, permit fees and property taxes on 2,000 priority units.
- Build Canada Homes, a new federal delivery agency, will help finance 1,000 non-market units in the city's portfolio.
- The partners set a goal to break ground next year, with site selection, approvals and procurement details still to come.
- Build Canada Homes CEO Ana Bailão signaled support for tax reforms to attract foreign capital and for expanded low-cost financing programs.