Innovative partnership to bring 100 units of social and affordable housing for independent seniors in Drummondville [Yahoo! Finance]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Yahoo! Finance
announced the construction of a 100-unit social and affordable housing building for independent seniors over the next two years. The funding for these units stems from the recent bilateral agreement between Canada and Quebec under the Housing Accelerator Fund (HAF). The six-storey building to be constructed in Drummondville represents a government investment of .5 million, in addition to the contribution from the City of Drummondville, which is providing the land and certain breaks on taxes and utility connection costs. A philanthropic donation by Luc Maurice, Chair of the Board of Directors of Mission Unitaînés, will round out the funding package. The work should be completed by spring 2026. Once construction is finished, the Office d'habitation Drummond will manage and maintain the building using a ,000 reserve fund provided by Mission Unitaînés. It will also select the building's residents. The building will contain 100 units, with rents varying according to unit size. Equipped
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News
- Regulations, 'fragmented' construction sector holding back housing starts: CMHC [BNN Bloomberg (Canada)]BNN Bloomberg
- New Insights into Canada's Housing Construction Potential [Yahoo! Finance]Yahoo! Finance
- Trudeau's Push to Double Housing Starts in Doubt as Pace Falls [Financial Post (Toronto, Ontario, Canada)]Financial Post
- CMHC reports decline in annual pace of housing starts [Investment Executive - News]Investment Executive - News
- Tyson Says Adoption of Some Chicken Antibiotics Is Paying Off [BNN Bloomberg (Canada)]BNN Bloomberg
CBT
Earnings
- 5/6/24 - Beat
CBT
Sec Filings
- 5/15/24 - Form 144
- 5/13/24 - Form 4
- 5/10/24 - Form 144
- CBT's page on the SEC website