Toronto Seniors Housing Corporation (TSHC) will provide subsidized rental housing in a state of good repair for approximately 14,000 low and moderate-income senior households in 83 senior-designated buildings, and support ageing in place through the delivery of an integrated service model.
TSHC is incorporated under the Ontario Business Corporations Act, with the City of Toronto as its sole shareholder.
A Council-approved Shareholder Direction sets out the TSHC’s operating principles, mandate, the relationship between the TSHC and the City, and other governance matters. TSHC’s operations will be funded in part through the City’s Shelter, Support and Housing Administration Division acting as Service Manager under the Housing Services Act, 2011.
TSHC’s Board of Directors consists of nine members appointed by City Council including the Mayor or Council member designate appointed by the Mayor, one Council member from the Planning and Housing Committee or the Board of Health and seven public members, two of whom are tenants. City Council will appoint one of the public members to serve as Chair.
Please note that as June 30, 2021 was the first organizational meeting of the Board, opportunities to depute were not provided at this meeting.