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Waterloo Region Connected  /  Land Development and Real Estate  /  Suburbs v  /  3241-3247 King Street East and 108 Cameo Drive | 24, 23, & 19 fl | Proposed


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3241-3247 King Street East and 108 Cameo Drive | 24, 23, & 19 fl | Proposed
tomh009 Offline
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#24
01-26-2024, 12:28 PM
Notably, this building has $115M in debt financing from the federal government. In order to qualify, Vive has committed to affordability criteria. Construction scheduled to complete in March 2025.

Quote:In return for the RCFi loan, the Vive must keep all rents at least 10 per cent below market rates. And 67 of the units must meet Ottawa’s definition of affordable rents — that is rents do not exceed 30 per cent of a tenant’s gross income.

And 47 apartments are completely accessible for people who need wheelchairs.

https://www.therecord.com/news/waterloo-...f3eba.html
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RE: 3241-3247 King Street East and 108 Cameo Drive | 24, 23, & 19 fl | Proposed - by tomh009 - 01-26-2024, 12:28 PM

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