Council

That, on the recommendation of the Deputy City Manager, Housing and Community Growth, the following actions be taken: a) a grant of $3,152,410, in the form of a forgivable loan, to Indwell Community Homes for the development and operation of ninety-six (96) highly supportive housing units at 346 South Street BE AUTHORIZED AND APPROVED; it being noted that the grant amount was approved by Council on December 7, 2021 and August 2, 2022 for the provision of ninety-six affordable housing units; b) the proposed by-law, as appended to the staff report dated June 17, 2025 as Appendix “A”, BE INTRODUCED at Municipal Council on June 17, 2025, to: i) APPROVE the Contribution Agreement between The Corporation of the City of London and Indwell Community Homes attached as Schedule “1” (the “Contribution Agreement”); ii) AUTHORIZE the Deputy City Manager, Housing and Community Growth, or their written designate to approve amendments to the Contribution Agreement; iii) AUTHORIZE the Mayor and the City Clerk to execute the Contribution Agreement; and iv) AUTHORIZE the Deputy City Manager, Housing and Community Growth, or their written designate, to approve and execute amending agreements to the Contribution Agreement; it being noted that the Contribution Agreement for the War Memorial building under development by Indwell Community Homes in the Vision SOHO Alliance project was amended to include funding from the Housing Accelerator Fund and the agreement conditions associated with a highly s

That Introduction and First Reading of Bill No.’s 248 and 249 BE APPROVED.

That Second Reading of Bill No.’s 248 and 249 BE APPROVED.

That Third Reading and Enactment of Bill No.'s 248 and 249 BE APPROVED.

That the meeting BE ADJOURNED.