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Stock impact report

New Affordable Homes for Indigenous Peoples in Toronto [Yahoo! Finance]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: Yahoo! Finance
construction of the 230 Coxwell Avenue, creating 20 new affordable homes in Toronto . This is on top of 1005 affordable homes the federal government announced so far in Toronto under the Rapid Housing Initiative since 2020. Operated by Toronto's Indigenous non-profit Na-Me-Res (Native Men's Residence), this four-storey building will provide 20 affordable housing units for Indigenous People facing and experiencing homelessness. The property will include a common room for cultural events, and the first floor will be designed for tenants with mobility issues. Completion of the project is expected by the Winter of 2026. A breakdown of funding for this project includes: $5.8 million under the Cities Stream of the third round of the Rapid Housing Initiative (RHI), $1.4 million from the joint federal-provincial Ontario Priorities Housing Initiative (OPHI), $1.2 million through Ontario's Indigenous Supportive Housing Program (ISHP), $1.2 million in contribution from the City of Show less Read more
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