The City is actively working to create more affordable housing. This work is guided by the HousingTO 2020-2030 Action Plan which will help create a range of housing opportunities. To help achieve this, the City aims to approve 40,000 new affordable rental homes, including 18,000 deeply affordable homes with supports, as well as 4,000 affordable ownership homes by 2030.

 

In December 2020, City Council approved a staff report which outlines a plan for the City to accelerate:

  • 150 new supportive housing opportunities within 8 to 10 weeks; and
  • 510 housing opportunities within 10 to 12 weeks, subject to the availability of funding for supportive services ($12.24 million)
  • A further 588 additional supportive housing units can be made ready for occupancy later in 2021, subject to securing funding for supportive services ($14.11 million)
  • In total, a minimum of 1,248 supportive homes could be delivered in 2021, however, funding for support services for 1,098 homes still needs to be secured ($26.35 million total).

Progress as of April 2021:

The following provides monthly updates on the creation of new supportive housing, including the number of units with confirmed provincial funding for support services.

  • A minimum of 1,248 supportive homes are on track to be completed within the next 12 months.
    • 150 units within Toronto Community Housing Corporation (“TCHC”) portfolio have been identified and supports are being provided by community partner agencies within existing resources, utilizing funding under the provincial Home for Good program.
      • The tenant move-in process from shelters has been slower than anticipated due primarily to COVID-19 related impacts such as outbreaks in shelters requiring client isolation and fewer staffing resources to refer clients to these new homes.
    • An additional 300 TCHC units have been committed, with units becoming every month starting in May.
    • 150 new homes will be ready for occupancy beginning in May through acquisitions.
    • 242 additional new homes are in track to be delivered through acquisitions between May and December; and
    • 406 new modular homes are estimated to be available before the end of 2021.
  • On April 7, the Province announced $15.4 million in operating funding for 2021 dedicated to supportive housing in Toronto. With this funding, the City will be able to fully fund the previously unfunded 1,098 supportive housing opportunities which will be ready for occupancy this year.
  • A commitment for ongoing funding beyond 2021 will be required to support residents in these new supportive homes and to ensure their health and well-being long term.
  • The City is also working with Toronto Alliance to End Homelessness and its non-profit housing and health partners to identify other existing provincial funding sources that could potentially be re-allocated to create additional supportive housing opportunities or to provide a wider range of support services onsite.

 

As of March 2021, there are 87 active affordable rental housing project in the development pipeline representing approximately 10, 676 affordable rental units:

  • 20 active developments under construction representing 2,040 affordable rental homes.
  • 67 projects in pre-construction representing 8,636 affordable rental homes.

When completed, these affordable homes will house approximately 25,622 people who need affordable homes.

Project Details
Location
Completion Date
Options for Homes & Home Ownership Alternatives

Contact info@optionsforhomes.ca or 416-867-1501

Visit http://thehumber.ca for more information.

10 Wilby Crescent  2023

 

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