Insider: Ottawa gets more federal money than it asked for

Good day,

I ended up writing a fairly long intro to yesterday’s newsletter about how, in some small way, the Lookout is hoping to fill in the gaps of local news coverage of our city as larger companies continue to hack and slash at their newsrooms.

But I wanted to say a special thanks to all of you subscribers — you are what allows us to keep this newsletter going. It’s because of your subscriptions that we’re still chugging along. I know it might seem like I thank you readers a lot here, but I really mean it. So, thank you.

In any case, we have a lot to get to today. The big day is finally here, the feds and the city announced they’ve reached a deal for Ottawa’s slice of the housing accelerator fund pie. 

Let’s get to it.

— Robert Hiltz, managing editor

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HOUSING

Ottawa gets more federal money than it asked for

What happened: The city and the federal government finally announced their agreement for $176.3 million in new housing funds for the city, according to a press release from the two levels of government. The money will come over the next three years, if the city lives up to its commitments (more on that in a moment), and is expected to see an additional 4,450 homes built in the city. 

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