Sun. Oct 17th, 2021

The City of Ottawa Planning Committee has approved the official plan change

OTTAWA, ON, September 7, 2021 / CNW / – Hazelview Investments (Hazelview) confirms further changes in its commitment to the residents of the Heron Gate community following the approval of the Ottawa City Planning and Development Committee’s approval of an official plan change on August 26, 2021. The plan will be presented to the Ottawa City Council on September 8, 2021.

The additional obligations include:

  • Extension of affordable housing obligations for newly built construction to 15 years.
  • After these 15 years, residents living in the designated affordable housing will be protected and will continue to pay their current affordable rent at that time plus increases per capita. RTA. This protection will be written into their lease.

These commitments are in addition to the other commitments for affordable housing, social enterprise, green space, diversity of housing and more, which are described in City of Ottawa planning report.

“We heard the feedback in the Planning Committee meeting and we continue to listen to the community to ensure that this is a development that meets the evolving needs of City of Ottawa, “said Ugo Bizzarri, CEO, Hazelview. “With this, in addition to our commitments in the Heron Gate Social Framework and the progressive approach to redevelopment, we will reassure Heron Gate residents and residents of Ottawa that we can build something good together. “

Hazelview has invested over $ 175 million in the Heron Gate community since the property was taken over in 2012.

To learn more about the remodel please visit www.herongatecommunity.com

About Hazelview Investments
Hazelview Investments is an active investor, owner and leader of global real estate investments committed to creating value for people and places. We have an active, practical team that helps us find opportunities to invest in sustainable development, and we are committed to promoting the long-term growth of our employees, residents and the investments we make for our customers. Hazelview has a documented track record for property management spanning 20 years, 6 provinces and 25 cities. Visit hazelview.com to learn more

SOURCE Hazelview Investments Inc.

Further information: Colleen Krempulec, VP Brand Marketing and CSR, Hazelview Properties, [email protected]; For investor inquiries: Carrie Morris, CEO – Investor Relations, Hazelview, [email protected]; For media inquiries: Melody Gaukel, Proof Strategies, [email protected]

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