Affordable housing is on the agenda at this month’s city council meeting, only falling behind transit as a central focus. The Open Door Affordable Housing Program spearheaded by Toronto Mayor John Tory and Councillor Ana Bailão is on the agenda at the July City Council. Here is a rundown of the different programs and motions being recommended:
The Open Door program works to streamline the affordable housing process to speed up approvals and provide incentives for developers to create affordable and mixed-use housing. Open Door would provide incentives to private developers who are looking to build affordable housing. This includes providing an exemption from building and planning permit fees in order to build affordable housing and would be secured for a 20-year term.
The Open Door program is part of the 10-year Affordable Housing Action Plan 2010-2020 (HOT). HOT has a target of 1000 affordable rental homes and 200 new affordable ownership homes annually, or 10,000 rentals and 2000 ownership homes over 10 years. Currently, the project is set to fall short by 6000 rental units and nearly 600 affordable ownership homes. Open Door hopes to remedy that situation by implementing more development by the private sector, piloting projects, activating government land, and streamlining city processes.
The CityPlace site at Bathurst St. and Lakeshore Blvd. and is one of the five sites chosen to kick off the project. This project will provide 389 affordable rental and ownership units. There will be 80 affordable homes built in the area.
Other projects that will be discussed in City Council include a program for 100 new affordable rentals and ownership homes at 30 Tippet Rd, and 32 new affordable ownership homes at 2 Bicknell Ave. Securing affordable ownership housing at 505 Richmond St. W. is a priority and property tax exemptions at 3087 Danforth Ave. and at 3738 St. Clair Ave. E. is also on the agenda.
Councillor Joe Cressy also introduced an item that discusses the role of Toronto Community Housing. This item on the agenda recommends that City Council transition a portion of Toronto Community Housing Corporation into a new community-based non-profit corporation. This recommendation was made in light of the organization’s reputation of being an unsuitable landlord for affordable housing tenants. Cressy is pushing for more council support in affordable housing to give residents better care.
It is a busy day in City Council, and the transit debate is sure to take over the agenda Wednesday. However, we can hope that once a decision has been made the city can finally focus on the affordable housing projects the residents of Toronto desperately need.