Finance

Federal Government Unleashes $45 Million Boost for Thriving Ottawa Community Development!

2025-08-26

Author: Sophie

A Game-Changer for East Ottawa

Big news for Ottawa's east end! The federal government is pouring over $45 million into a groundbreaking project destined to reshape the area with hundreds of new homes.

What’s in the Pipeline?

Through the Apartment Construction Loan Program, this investment will jumpstart the construction of 121 rental homes. This is just the beginning as Bayview Group, the developers behind this ambitious venture, have multiple phases planned for the Rockcliffe area.

Prime Location for a New Hub

Situated close to the Rockcliffe Airport and conveniently nestled between Manor Park and Rothwell Heights, this development is set to be a vibrant community space. The location serves as a perfect backdrop for upcoming housing and park initiatives.

Exciting Features Await!

The construction at 375 Codd’s Rd. will feature a modern six-storey building equipped with amenities like parking, a 24/7 fitness center, and outdoor spaces. Potential residents can choose from a variety of living options, including studio apartments, one-bedroom units, two-bedroom units, and even one-bedroom plus den configurations.

A Collaborative Success!

Mayor Mark Sutcliffe expressed gratitude towards the federal government and the Bayview Group for joining forces to bring this project to life. "These 121 new rental homes are a crucial step in tackling Ottawa's housing challenges. This partnership demonstrates how collaboration across all governmental levels and private sectors can foster affordable, sustainable living solutions," Sutcliffe highlighted.

Empowering the Middle Class

With the support from the Apartment Construction Loan Program, developers are set to receive low-interest repayable loans, specifically geared towards creating housing options for middle-class Canadians. This initiative not only bolsters the community but also paves the way for accessible living solutions that meet growing demands.