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Toronto's Affordable Housing Action Plan |
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Toronto City Council approved key recommendations in a 2006 report calling for
1,000 new affordable rental homes to be built annually.
The City's focus is on providing low rent housing for families and individuals
on the social housing waiting list as well as locating initiatives in all wards
of the City. It aims to achieve these goals through a mixed-sector approach including
non-profit, co-operative and private sector partners. The Action Plan was requested
by City Council at its October 2005 meeting.
Key elements of the Action Plan include:
- adopting a comprehensive set of criteria to guide the selection of proposals by Council later this year
- setting aside specific allocations under the Affordable Housing Program of a minimum of 400 units for non-profit, co-operative and private proponents, 200 units for potential development on City owned sites, and 200 units for Toronto Community Housing initiatives
- allocating the City site at 60 Richmond Street East to Toronto Community Housing for Regent Park revitalization off-site housing
- targeting affordable housing proposals that would provide low rents aimed at serving families and individuals on the City's social housing waiting list
- adopting a local initiatives strategy aimed at locating affordable housing in all wards of the city.
Read the media release.
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