2025.PH23.5
From Concept to Construction: Creating More Homes Across the Housing Continuum
Background
“Toronto residents across a range of incomes are facing an unaffordable housing market decades in the making, with over 10,000 residents experiencing homelessness, over 100,000 households waiting for a rent-geared-to-income (RGI) home, and low- and middle-income households struggling to afford their homes amidst the rising cost of living in the city.”
Source: City of Toronto
Item Description
This item authorized new capital funding and incentives for the Housing Secretariat to build more affordable homes. It also includes various partnerships and intergovernmental funding requests such as $596 million from the Government of Ontario for the Build More Homes Rebate. Moreover, it requests the province for allocation of “$500 million and $800 million per year in grant funding to Toronto over the next five years to develop new housing, including new community housing.”
Source: City of Toronto
Proposed by
Planning and Housing Committee
Result
CarriedVotes
