Several Ottawa residential properties added to list of exempt social-housing transfers

Plain-language summary · AI-assisted

The regulation has been updated to add a new entry that permits a specific transfer of residential properties on Craig Henry Drive and Greynam Court in Ottawa. The transfer moves interests in these properties — along with related assets, liabilities, rights, and obligations — from Minto Multi-Residential Income Partners I, LP to Ottawa Community Housing Corporation. By being listed in this schedule, the transfer qualifies for an exemption that applies to certain social-housing property transactions under the Housing Services Act. Organizations involved in social housing acquisitions or dispositions in Ontario should be aware that this type of transaction requires explicit inclusion in the regulation to receive the exemption.

Who this affects
social housing providers · municipal housing corporations · private residential property owners transferring to non-profit housing · housing services administrators