Ottawa’s Gladstone Village development receives $57.7M from Housing Accelerator Fund

OTTAWA — A $57.7 million investment has been made in Ottawa Community Housing’s (OCH) Gladstone Village development.

The money is part of the broader $176.3 million allocated to the City of Ottawa through the Housing Accelerator Fund (HAF), a federal initiative aimed at supporting the creation of affordable housing across the country, states a release.

Gladstone Village is located in Ottawa Centre on an eight-acre parcel of land, situated between Somerset Street to the north, the O-Train Trillium Line to the east, Preston Street to the west, and Oak Street to the south.

The first phase will deliver 336 new affordable homes with a blend of housing options, including mid-rise residential buildings and low-rise townhomes. 

The development will be a progressive build of mixed-use (residential/retail/office), mixed-income (affordable and market rental) and mixed-density (low-, mid-, and highrise).

The project will also include new streets, sidewalks, multi-use pathways, infrastructure, servicing and parcels that will be built out in phases over the coming decade.

The first phase of the Gladstone Village development is anticipated to generate $375 million in economic growth and create 1,800 jobs, the release adds.