New Affordable Homes are Coming to the Glebe

Picture this: What if a parking lot could become 80-90 affordable homes?

At the corner of Bank Street and Chamberlain Avenue, CCOC is working towards exactly that vision. In partnership with McDonald Brothers Construction, we’re exploring a new mixed-income affordable housing development at 574 and 578 Bank Street that would bring 80-90 permanently affordable rental homes to the heart of the Glebe.

Here’s what’s planned:

While plans are still evolving, the current vision for the development includes:

As the project moves through the design process, details such as accessibility features, sustainability measures, and the final unit mix will continue to be refined.

But developments like 574 Bank Street begin long before the shovel even hits the ground. Significant work takes place behind the scenes, from planning and design, to site preparation and securing financing. That is where CCOC and the Ottawa Community Land Trust’s (OCLT) joint campaign, Housing Forever Bonds play an essential role.

This joint campaign creates a new way for communities to take part in building Ottawa’s affordable housing future. It is an invitation for individuals, businesses, institutions, and organizations to invest in permanently affordable housing while also receiving a financial return on their investment. Investments through the campaign help fund the important early stages of development, including the work needed to prepare sites for construction. To help move 574 Bank Street from planning to construction, CCOC is seeking to raise $1.5 million through the Housing Forever Bonds campaign. Reaching this milestone will unlock additional financing from Build Canada Homes and will bring this future community one step closer to construction.  

Are you interested in becoming part of the solution? Learn how you can invest in your community at HousingForeverBonds.ca/Invest

We are excited to continue sharing updates as plans progress and this vision begins to take shape.