Creating and maintaining affordable housing is a key City of Toronto priority. The Affordable Housing Office expedites affordable housing development, facilitates policy development and partners with the federal and provincial governments and the private and non-profit sectors on a range of initiatives.
Close the Housing Gap 2015 is off to a rousing start following a campaign rally that overflowed City Hall Council Chambers. Councillor Ana Bailão describes this exciting event and other 2015 activities and how you can get involved.
Some 400 people packed the Council Chambers and a committee room at City Hall April 28 for the Close the Housing Gap Rally. Speakers shared their experiences, stories and suggestions about social and co-op housing. The event was a partnership between the City, Toronto Community Housing and the Co-operative Housing Federations of Toronto and Canada.
Close the Housing Gap Summit
More than 50 people came together April 29 to discuss next steps for the campaign and what needed to be done to help build and maintain affordable, social and co-op housing. Their comments and suggestions will assist in shaping the campaign in the months ahead.
The City of Toronto and Toronto Community Housing are working hard to put people first by fixing social housing. And the work is paying off.
City Council has approved an unprecedented investment of $864 million over 10 years. That's equal to one-third of the $2.6 billion in additional capital repairs Toronto Community Housing faces in the next decade.
But there is still a funding gap. The City and Toronto Community Housing cannot fill the gap on their own. More provincial and federal government funding is required - because raising property taxes is not the answer.
That's why we've launched the Close the Housing Gap campaign
Repairing Toronto Community Housing buildings and revitalizing TCHC communities will create 220,000 employment years of new jobs, spur some $5 billion in private investment and generate $4.5 billion in federal and provincial taxes, says a new study prepared by the Canadian Centre for Economic Analysis.
Toronto City Council adopted Housing Opportunities Toronto, An Affordable Housing Action Plan 2010-2020 (HOT) in 2009. This Progress Report reviews housing initiatives and activities undertaken by the City to help achieve HOT's goals.
The official opening of new affordable rental homes for low and moderate-income seniors and families in Toronto has been celebrated. The West Don Lands development received nearly $25 million from the federal and provincial governments and some $7.5 million from the City of Toronto.
City Council has approved the creation of Toronto's first affordable housing for young women who are victims of human trafficking.Toronto has been identified as one of the principle destinations or transit points for individuals, mostly women and children, who have been trafficked, according to a City report.
Council has approved an innovative plan to develop 80 affordable rental homes within a market condominium building on Toronto's waterfront. The Bayside development, expected to be completed in 2018-2019, is a partnership between the City of Toronto, Waterfront Toronto, developers Hines/Tridel and Artscape.
Details of affordable rental and ownership homes under construction or recently completed.
City Council has allocated $197.1 million over the next five years under the federal/provincial Investment in Affordable Housing Extension program.
Note: The Toronto Renovates Homeowners Program has more than 700 Assessment Requests that have been processed or are waiting to be processed. This represents more than two years' worth of clients, based on current staffing and anticipated funding –and the program is oversubscribed.
In order to avoid a longer waiting time, the Affordable Housing Office has temporarily suspended accepting Toronto Renovates Assessment Requests as of 5 p.m. on September 30, 2014.
A brochure listing other sources of potential funding for home repairs is available here.
It is anticipated that the program will again begin accepting Assessment Requests before the end of 2015, once current clients have been served.
The Toronto Renovates program offers federal/provincial funding for lower-income seniors and people with a disability who wish to make health and safety repairs or accessibility modifications to their homes.
Non-profit housing developers can qualify for exemptions from the City of Toronto's planning application and development fees. In this way, the City helps make new affordable rental housing even more affordable.
The City of Toronto works with a number of groups that provide affordable home ownership opportunities. Please contact our community partners directly to learn what assistance they can offer:
Canary District Condominiums - MyHome Program at 416-603-7576 or canarydistrictmyhome.com
Toronto Community Housing and the Daniels Corporation at 416-955-0559 or danielsoneparkplace.com
Options for Homes at 416-867-1501 or optionsforhomes.ca
Habitat for Humanity Toronto at 416-755-7353 ext. 490 or torontohabitat.ca/apply-for-a-home/information-session-dates.html
Aboriginal purchasers should also contact the Miziwe Biik Development Corporation at 416-640-4688, 416-640-4688 or mbdc.ca/housing_loans.html