2024.PH13.8

Background

10,795 individuals in Toronto are actively experiencing homelessness at the end of May, 2024. As the effects of extreme heat and the elements exacerbate risks for unhoused communities, Toronto has considered it imperative to supply more affordable housing amidst its housing crisis. In particular, the Housing Secretariat emphasizes the importance of addressing not just housing overall, but particular plans to create housing for low-income and vulnerable communities.

Source: City of Toronto

Item Description

Provides a number of financial incentives and funds, including “provid[ing] capital funding to the projects listed in [...] up to $260,000 per affordable rental unit, in a total amount not to exceed $351,515,142”. In addition, a focus on urging intergovernmental communication, due diligence, and long-term planning was emphasized to support the introduction of more affordable and rental housing

Source: City of Toronto

Proposed by

Planning and Housing Committee