On February 24, 2025, Victoria Park Community Homes Inc. (“VPCH”) entered into a loan agreement with Canada Mortgage and Housing Corporation (“CMHC”) under the Affordable Housing Fund program, part of Canada's National Housing Strategy. The loan, valued at approximately $96 million, will finance the construction of a major affordable housing development at 60 Caledon Avenue, Hamilton, Ontario. The project, estimated at $108 million in total cost, will consist of five buildings providing 261 affordable housing units, with initial occupancy anticipated in 2027.

Earlier, on January 30, 2025, VPCH engaged EllisDon Corporation under a modified CCDC 14 Design-Build Stipulated Price Contract to oversee the project's design and construction. Construction commenced around March 3, 2025.

Cassels acted as legal advisor to VPCH.