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Stock impact report

Huge Toronto project seeks to reignite the co-op housing model [Globe and Mail, The (Toronto, Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
On Nov. 28, the federal government announced it was committing $289-million to finance the construction of Toronto's Kennedy Green Co-operative, which aims to build three towers on land donated by the City of Toronto's CreateTO housing agency (the land value is part of $35-million in grants and loans the city contributed to the project). The land is across from the Kennedy subway station at 2444 Eglinton Ave. E. What a 50-year-old neighbourhood development can teach us about solving Canada's housing crisis “We're back,” said Heather Tremain, executive director of the Co-operative Housing Federation of Toronto's Development Society, which is a newly formed development arm of the federation, and aimed at leveraging its land trust and operational expertise to create more rental co-op projects. “We're talking to developers about a number of sites, we will put in a submission to Build Canada Homes. We think this is the kickoff,” she said. The Co-operative Housing Federation of Tor Show less Read more
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