The project is funded/financed through a combination of sources. It has received a grant through the Investment in Affordable Housing (IAH) Action Ottawa program, and mortgage and construction financing through the Canadian Mortgage and Housing Corporation (CMHC) Co-Investment Fund. YSB is additionally contributing equity to the project through a capital fundraising campaign and via soliciting trade donations.
Cahdco has been working with YSB on this project since 2015. Cahdco has been the project manager on the YSB Riverside project throughout feasibility and design/development, and continues in its role during construction. Cahdco’s role as project manager involves a variety of tasks and responsibilities, including engaging and managing the project consultant team, coordinating funding/financing applications, and monitoring construction progress and cash flow, among other tasks. Once construction is complete, Cahdco will assist with the warranty phase of the project.