| 141571 | REPORT | N | Y | MAIN | ACTION | ADOPTED | — | N | — | From Concept to Construction: Creating More Homes Across the Housing Continuum | 2025.PH23.5 | — | Y | Y | Y | Y | <p>The Deputy City Manager, Development and Growth Services, and the Executive Director, Housing Secretariat, recommend that: </p>
<p> </p>
<p>1. City Council direct that Confidential Attachment 1 remain confidential at this time as it contains information explicitly supplied in confidence to the City of Toronto by the Canada Mortgage and Housing Corporation (CMHC) and the Minister of Municipal Affairs and Housing, which may only be made public in accordance with funding agreements with CMHC and His Majesty the King in right of Ontario as represented by the Minister of Municipal Affairs and Housing, and confidential information pertaining to a position, plan, procedure, criteria, or instruction to be applied to negotiations.</p>
<p> </p>
<p>2. City Council authorize the public release of information in Confidential Attachment 1 at the discretion of the Deputy City Manager, Development and Growth Services and no later than:</p>
<p> </p>
<p style="padding-left: 30px;">a. The completion of the developments contemplated in Confidential Attachment 1; and,</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">b. once the City is permitted to release the information in Confidential Attachment 1 pursuant to the funding agreements with Canada Mortgage Housing Corporation and the Minister of Municipal Affairs and Housing and following the public disclosure of the same information by Canada Mortgage and Housing Corporation and the Minister of Municipal Affairs and Housing.</p>
<p> </p>
<p>Capital Funding and Incentives to Build More Affordable Rental Homes</p>
<p> </p>
<p>3. City Council authorize the Executive Director, Housing Secretariat, to provide capital grant funding from the 2025-2034 Capital Budget and Plan for the Housing Secretariat in the amounts and for the developments described in Table 1 in the Financial Impact section of the report (June 30, 2025) from the Deputy City Manager, Development and Growth Services and the Executive Director, Housing Secretariat, and in an amount not to exceed $85,718,027 to facilitate the creation of up to 963 affordable rental homes through the Rental Housing Supply Program.</p>
<p> </p>
<p>4. City Council authorize the Executive Director, Housing Secretariat, or their designate, to execute, on behalf of the City, any security or financing documents required by the proponents of projects approved under the City’s Rental Housing Supply Program to secure construction and conventional financing and subsequent refinancing, including any postponement, confirmation of status, discharge or consent documents where and when required during the term of the municipal housing facility agreement (the “Contribution Agreement”), as required by normal business practices, and provided that such documents do not give rise to financial obligations on the part of the City that have not been previously approved by City Council.</p>
<p> </p>
<p>5. City Council authorize an exemption from taxation for municipal and school purposes for the affordable rental and rent-controlled homes to be developed in the projects approved under the Rental Housing Supply Program as listed and for the periods of time described in Table 2 in the Financial Impact section of the report (June 30, 2025) from the Deputy City Manager, Development and Growth Services and the Executive Director, Housing Secretariat.</p>
<p> </p>
<p>6. City Council authorize the Controller to cancel or refund any taxes paid after the effective date of the exemption from taxation for municipal and school purposes as set out in the applicable municipal housing facility agreement.</p>
<p> </p>
<p>7. City Council authorize the Executive Director, Housing Secretariat, to provide a parkland dedication incentive for developments approved under the City’s Rental Housing Supply Program by reducing the parkland dedication requirement by a percentage equivalent to the percentage of the affordable rental housing units of the overall development, if not already exempted by provincial legislation. </p>
<p> </p>
<p>8. City Council authorize the Executive Director, Housing Secretariat, to provide waivers of planning application fees under the Rental Housing Supply Program for eligible affordable rental housing units delivered by Toronto Community Housing Corporation (TCHC) through TCHC-led revitalizations, in advance of entering into a Contribution Agreement.</p>
<p> </p>
<p>Advancing a Market Offering for 72 Amroth Avenue</p>
<p> </p>
<p>9. City Council authorize the Deputy City Manager, Development and Growth Services, Deputy City Manager, Corporate Services, and Chief Financial Officer and Treasurer to approve a business case and market offering process for the project at 72 Amroth Avenue on a long-term land lease basis to deliver new rental housing, including affordable rental housing, provided that the Executive Director, Housing Secretariat, Executive Director, Housing Development Office, and CreateTO Board of Directors concur with the proposed business case and market offering process.</p>
<p> </p>
<p>10. City Council request the Board of CreateTO to request Chief Executive Officer, CreateTO, in consultation with the Executive Director, Housing Secretariat, and Executive Director, Housing Development Office, administer the market offering process for 72 Amroth Avenue., select the recommended proponent and negotiate the leases and other agreements (other than the Contribution Agreement) for the project with them in accordance with the terms of the approved business case and market offering process, and report back to the Board of CreateTO and City Council with the recommended proponent.</p>
<p> </p>
<p>Partnerships and Intergovernmental Requests</p>
<p> </p>
<p>11. City Council direct the Executive Director, Housing Secretariat, and Executive Director, Housing Development Office, to work with the Miziwe Biik Development Corporation and Aboriginal Labour Force Development Circle to co-develop a process for identifying eligible Indigenous-led housing projects to receive the Indigenous set-aside of the Community Housing Pre-development Fund and the Rental Housing Supply Program’s Capital Funding streams on an ongoing basis.</p>
<p> </p>
<p>12. City Council increase the 2025-2034 Capital Budget and Plan for the Housing Secretariat by $67,199,200 gross and $0 net fully funded through the Building Faster Fund.</p>
<p> </p>
<p>13. City Council reiterate its request that the Government of Ontario provide the City with a Build More Homes Rebate of at least $596 million (equivalent to the value of development charges payable) for 15,830 Purpose-Built Rental homes in projects that applied but were not approved under Phase 1 of the Purpose-Built Rental Housing Incentives stream.</p>
<p> </p>
<p>14. City Council reiterate its request that the Government of Canada and the Canada Mortgage and Housing Corporation immediately increase grant and loan funding for the Affordable Housing Fund and allocate loan funding to the Apartment Construction Loan Program to support the City's priority housing projects in need of federal funding and low-cost financing in 2025.</p>
<p> </p>
<p>15. City Council reiterate its request that the Government of Ontario support the community housing sector in Toronto in achieving the HousingTO 2020-2030 Action Plan rent-controlled housing targets which are necessary to support the delivery of the Provincial More Homes Built Faster Plan by:</p>
<p> </p>
<p style="padding-left: 30px;">a. allocating between $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;</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">b. providing access to $6.5 to $8 billion in low-cost financing/re-payable loans to Toronto over the next five years.</p>
<p> </p>
<p>16. City Council reiterate its request the Province of Ontario to expand on its commitment to partner with the City of Toronto on supportive housing by providing a three-year allocation of $60 million in operating funding for support services beginning in 2025, to ensure residents of over 2,000 supportive homes have access to health and social supports and enable approximately 400 new supportive homes currently under construction to open in 2025 and 2026.</p>
<p> </p>
<p>17. City Council request the Government of Ontario amend the Residential Tenancies Act, 2006 to prohibit the use of algorithmic software that utilizes non-public competitor data to set rents, excluding software for affordable housing programs.</p> | <p>The City supports the creation of new homes across the housing continuum through a range of financial benefits including forgivable and repayable loan funding, as well as relief from a range of development fees, charges and property taxes.</p>
<p> </p>
<p>This section outlines financial impacts associated with the provision of capital funding, pre-development loans, and property tax exemptions to eligible housing developments through the Rental Housing Supply Program.</p>
<p> </p>
<p>The financial impact associated with the deferral of DCs for eligible condominium units was included in EX21.13 – Supporting Ownership Housing Developments, adopted by City Council on March 26 and 27, 2025.</p>
<p> </p>
<p>The financial impact associated with the waivers of planning and application and building permit fees, DCs, Community Benefit Charges (CBCs), and parkland dedication fees for eligible affordable rental and community housing-led rent-controlled homes approved under ARRCHI stream was included in PH13.8 – Launching the Rental Housing Supply Program adopted by City Council on June 26 and 27, 2024 and included in the Housing Secretariat’s 2025 Budget.</p>
<p> </p>
<p>There is no immediate financial impact resulting from the recommendations to advance a market offering for 72 Amroth Avenue. Following the market offering, staff will report back to City Council with the recommended development proponent, including proposed affordable housing outcomes and information on financial impact that may be associated with the proposal.</p>
<p> </p>
<p>Capital Funding</p>
<p> </p>
<p>In March 2025, the City issued a Call for Applications for $50 million in capital funding available, with 20% of these funds set-aside for Indigenous-led housing projects. Based on the results of a competitive evaluation process, and given the number of successful projects, staff are recommending approving up to $85.7 million in grant funding included in the approved 2025-2034 Capital Budget and Plan for the Housing Secretariat in the amounts and for the 14 projects outlined in Table 1 below.</p>
<p> </p>
<p>These funds will be provided by way of a forgivable loan, subject to meeting the terms of the Contribution Agreement and in installments tied to development milestones over multiple years. The City reserves the right to withhold or cancel funds where proponents are not able to demonstrate their ability to advance these projects in accordance with their development schedule submitted to the City. </p>
<p> </p>
<p>Supporting the 14 projects identified below requires allocating the full $50 million available in 2025 and leveraging $35.7 million currently planned for the 2026 RHSP Capital Funding Call for Applications to support additional prioritized projects identified this year. This approach will enable projects that have demonstrated their readiness to secure construction financing and get shovels in the ground in 2025 and 2026 to maintain their momentum and avoid delays. This approach however will impact the funding available in 2026 to allocate through a Capital Funding Call for Application.</p>
<p> </p>
<p>Table 1: Summary of Projects Recommended for Capital Funding</p>
<p> </p>
<table style="border-collapse: collapse; border: none;">
<thead>
<tr>
<td style="width: 27.15pt; border: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p><span style="color: windowtext;">No.</span></p>
</td>
<td style="width: 100.2pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p><span style="color: windowtext;">Address</span></p>
</td>
<td style="width: 95.7pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p><span style="color: windowtext;">Proponent</span></p>
</td>
<td style="width: 80.35pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p><span style="color: windowtext;">Ward</span></p>
</td>
<td style="width: 79.95pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p><span style="color: windowtext;">Est. Number of Affordable Rental Homes Proposed</span></p>
</td>
<td style="width: 89.9pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p><span style="color: windowtext;">Maximum Capital Funding Recommended</span></p>
</td>
</tr>
</thead>
<tbody>
<tr style="page-break-inside: avoid; height: 49.15pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="36">
<p>1</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="134">
<p>300-304 The East Mall – Valhalla Village Phase 1*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="128">
<p>KingSett Affordable Housing LP</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="107">
<p>2 – Etobicoke Centre</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="107">
<p>45</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 49.15pt;" width="120">
<p>$2,700,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>2</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>430 Royal York Rd.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>WoodGreen Community Housing Incorporated</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>3 – Etobicoke Lakeshore</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>19</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$4,940,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>3</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>1337-1339 King St. W.</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>Parkdale United Church Foundation</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>4 – Parkdale – High Park</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>82**</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$3,993,027</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>4</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>22 Maynard Ave.</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>The Neighbourhood Land Trust</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>4 – Parkdale High Park</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>9</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$1,890,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>5</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>976 College St.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>Operation Springboard</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>9 – Davenport</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>19</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$3,450,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 29.3pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="36">
<p>6</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="134">
<p>72 Perth Ave.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="128">
<p>Castlepoint Numa</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="107">
<p>9 – Davenport</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="107">
<p>52</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 29.3pt;" width="120">
<p>$3,120,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 36.95pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="36">
<p>7</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="134">
<p>2 Tecumseth St.</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="128">
<p>Woodbourne & TAS</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="107">
<p>10 – Spadina Fort York</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="107">
<p>111</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 36.95pt;" width="120">
<p>$8,000,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 30.4pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="36">
<p>8</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="134">
<p>26 Grenville St. & 27 Grosvenor St.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="128">
<p>Choice Properties REIT</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="107">
<p>13 – Toronto Centre</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="107">
<p>239***</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 30.4pt;" width="120">
<p>$10,000,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 38.0pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="36">
<p>9</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="134">
<p>3377 Bayview Ave. – Phase 1</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="128">
<p>Tyndale Green Development LP.</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="107">
<p>17 – Don Valley North</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="107">
<p>102***</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.0pt;" width="120">
<p>$16,320,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 38.5pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="36">
<p>10</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="134">
<p>191 Gledhill Ave.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="128">
<p>Aria Build Corp.</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="107">
<p>19 – Beaches East York</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="107">
<p>4</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 38.5pt;" width="120">
<p>$250,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 46.05pt;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="36">
<p>11</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="134">
<p>507 Kingston Rd.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="128">
<p>Nodin of Kanata Affordable Housing</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="107">
<p>19 – Beaches East York</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="107">
<p>30</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 46.05pt;" width="120">
<p>$7,800,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>12</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>3385 Lawrence Ave. E.</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>Kindred Works (on behalf of Greencedar Communities LP)</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>21 – Scarborough Centre</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>47</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$7,050,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>13</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>80 Dale Ave.*</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>Community Affordable Housing Solutions (CAHS)</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>24 – Scarborough Guildwood</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>87</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$14,250,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 27.15pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="36">
<p>14</p>
</td>
<td style="width: 100.2pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="134">
<p>260 Brenyon Way (25 Sewells Rd Building B)</p>
</td>
<td style="width: 95.7pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="128">
<p>Brenyon Way Charitable Foundation</p>
</td>
<td style="width: 80.35pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>25 – Scarborough -Rouge Park</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="107">
<p>117</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="120">
<p>$1,955,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid; height: 19.8pt;">
<td style="width: 303.4pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 19.8pt;" colspan="4" width="405">
<p>TOTAL</p>
</td>
<td style="width: 79.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 19.8pt;" width="107">
<p>963****</p>
</td>
<td style="width: 89.9pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt; height: 19.8pt;" width="120">
<p>$85,718,027</p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p><span style="font-size: 11.0pt; color: windowtext;">*These projects are also recommended for property tax exemptions as outlined in Table 2 below.</span></p>
<p><span style="font-size: 11.0pt; color: windowtext;">**Excludes 10 rental replacement units.</span></p>
<p> </p>
<p>***Number of affordable rental homes has changed since approval under the Purpose-built Rental Housing Incentives Stream in December 2024 (CC24.16).</p>
<p>****Includes 125 net new affordable rental homes to the City’s affordable housing pipeline.</p>
<p> </p>
<p>Subject to adoption of this report, staff will work with Miziwe Biik Development Corporation (MBDC), Aboriginal Labour Force Development Circle (ALFDC) and Indigenous housing providers to co-develop a process whereby eligible Indigenous-led housing projects can access up to $10 million in grant funding (the set-aside under the 2025 Capital Funding Call for Applications) on an ongoing basis.</p>
<p> </p>
<p>Financial Incentives for New Affordable Rental and Community Housing-Led Rent-Controlled Homes</p>
<p> </p>
<p>Through the adoption of item PH13.8, City Council approved a new rolling application process to provide eligible affordable rental and community housing-led rent-controlled homes access to financial incentives including a waiver of planning application and building permit fees, and an exemption of DCs, CBCs, and parkland dedication fees (where not already exempted under provincial legislation). Approval of these incentives is delegated to the Executive Director, Housing Secretariat within the City’s affordable rental and rent-controlled homes target established annually through the Budget process (2025 target is 6,940 rent-controlled, affordable rental and RGI homes).</p>
<p> </p>
<p>Eligible rent-controlled and affordable rental homes can also receive an exemption from taxation for municipal and school purposes for the duration of the affordability and rent-control period, subject to City Council approval.</p>
<p> </p>
<p>These incentives are not a direct payment from the City but rather foregone revenues. These financial incentives are provided subject to proponents entering into a Contribution Agreement with the City and meeting associated requirements throughout construction and operating years.</p>
<p> </p>
<p>Financial Incentives Approved through ARRCHI</p>
<p> </p>
<p>The rolling ARRCHI Call for Applications launched in November 2024, and as of June 17, 2025, the City has approved financial incentives for 1,237 affordable and community housing-led rent-controlled homes in 11 housing projects. These projects are at various stages of the development review process and expected to start construction within the next 18 months (by end of 2026). The estimated value of planning application and building permit fees waived for these projects is approximately $3.2 million reflecting an average City contribution of $2,570 per affordable and community housing-led rent-controlled home (using 2025 rates). Exemptions of DCs, CBCs, and parkland dedication fees are available through provincial legislation where projects meet the definition of affordable rental housing or non-profit housing development as outlined in the Development Charges Act.</p>
<p> </p>
<p>Recommended Property Tax Exemptions</p>
<p> </p>
<p>This report recommends an exemption of municipal property taxes for a total of 15 projects, including nine projects approved through the ARRCHI stream described above, and six projects concurrently recommended for approval for capital funding through this report.</p>
<p> </p>
<p>Municipal property tax exemptions are recommended for the terms of the agreement (from 40 years to 99 years), with an estimated Net Present Value (NPV) of $115.34 million.</p>
<p> </p>
<p>Ongoing municipal property tax exemption is conditional on the successful proponents' compliance with the terms and conditions of the City's Contribution Agreement over the term of the agreement.</p>
<p> </p>
<p>Table 2: Summary of Recommended Property Tax Exemptions to Support New Affordable Rental and Rent-Controlled Homes</p>
<p> </p>
<p><em>Please see report for Table 2.</em></p>
<p> </p>
<p>*Based on 2025 property taxes rates, estimated annual rate increases, and a Net Present Value discount rate of 3%.</p>
<p>**Project previously approved for a property tax exemption for 212 affordable homes for a 40-year period. Net present value reflects the incremental financial impact of extending the exemption period by 59 years to 99 years and approving an additional 27 affordable homes for a 99 year exemption.</p>
<p>***Includes 1,070 affordable rental and 258 rent-controlled homes.</p>
<p> </p>
<p>Community Housing Pre-development Fund (CHPF)</p>
<p> </p>
<p>In November 2024, the City launched the first CHPF Call for Applications to provide $15 million in interest-free repayable loan funding to community housing providers to advance pre-development due diligence activities on sites anticipated to deliver affordable and RGI housing. Approval of projects and loan funding amounts was delegated by Council to the Executive Director, Housing Secretariat (through Item PH13.8).</p>
<p> </p>
<p>Following a competitive review and evaluation process, the City has approved loan funding in an amount of $16,903,948 to support 13 eligible and prioritized applications from community housing providers. The additional $1,903,948 is included within the approved 2025-2034 Capital Budget and Plan for the Housing Secretariat.</p>
<p> </p>
<p>Table 3: CHPF Approved Projects and Maximum Loan Funding Approved</p>
<p> </p>
<table style="width: 474.65pt; border-collapse: collapse; border: none;" width="633">
<thead>
<tr>
<td style="width: 36.85pt; border: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p><span style="color: windowtext;">No.</span></p>
</td>
<td style="width: 109.45pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p><span style="color: windowtext;">Address</span></p>
</td>
<td style="width: 109.45pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p><span style="color: windowtext;">Proponent</span></p>
</td>
<td style="width: 109.45pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p><span style="color: windowtext;">Ward</span></p>
</td>
<td style="width: 109.45pt; border: solid black 1.0pt; border-left: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p><span style="color: windowtext;">Maximum Loan Funding Approved</span></p>
</td>
</tr>
</thead>
<tbody>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>1</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>18 Buckingham Ave.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Ruth and Terry Grier Co-operative and Co-operative Housing Federation of Toronto</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p><span style="color: windowtext;">3 - Etobicoke Lakeshore</span></p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$1,306,714</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>2</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>1229 Queen St. W.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Parkdale Community Health Centre</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>4 - Parkdale High Park</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$847,691</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>3</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>1499 Queen St. W.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Parkdale Activity Recreation Centre</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>4 - Parkdale-High Park</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$2,518,049</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>4</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>118 Havelock St.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Madison Community Services</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>9 - Davenport</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$247,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>5</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>248 Ossington Ave.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>West Neighbourhood House</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>9 - Davenport</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$981,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>6</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>1173 Bloor St. W.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Safehaven</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>9 - Davenport</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$1,387,500</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>7</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Carr St. (various addresses)</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Alexandra Park Co-operative</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>10 - Spadina Fort York</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>$800,000</p>
</td>
</tr>
<tr style="page-break-inside: avoid;">
<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>8</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>165 Grange Ave.</p>
</td>
<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>Downtown Toronto Multi-Generational Housing Community Centre</p>
</td>
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<p>10 - Spadina Fort York</p>
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<p>$1,000,000</p>
</td>
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<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>9</p>
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<p>306, 308, 310 Gerrard St. E.</p>
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<p>Yonge Street Mission</p>
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<p>13 - Toronto Centre</p>
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<p>$1,900,000</p>
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<td style="width: 36.85pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="49">
<p>10</p>
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<p>500 Dundas St. E.</p>
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<p>Fred Victor</p>
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<p>13 - Toronto Centre</p>
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<p>$1,350,000</p>
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<p>11</p>
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<p>1712 Ellesmere Rd.</p>
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<p>Community Living Toronto</p>
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<p>24 - Scarborough Guildwood</p>
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<p>$2,650,000</p>
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<p>12</p>
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<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>3817 Lawrence Ave. E.</p>
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<p>St. Stephen’s Presbyterian Church</p>
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<td style="width: 109.45pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" width="146">
<p>24 - Scarborough Guildwood</p>
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<p>$860,000</p>
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<p>13</p>
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<p>62 Orchard Park Dr.</p>
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<p>East Scarborough Boys and Girls Club</p>
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<p><span style="color: windowtext;">25 - Scarborough Rouge Park</span></p>
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<p>$1,055,994</p>
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</tr>
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<td style="width: 365.2pt; border: solid black 1.0pt; border-top: none; padding: 5.75pt 5.75pt 5.75pt 5.75pt;" colspan="4" width="487">
<p>Total</p>
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<p>$16,903,948</p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p> Repayment schedule of the pre-development loan funding will vary on a project-by-project basis; however, repayment will be required to begin no later than the earlier of the date at which the Proponent has made their first construction funding or financing draw or three years (36 months) from approval of CHPF by the City. This structure will ensure an ongoing, revolving fund for pre-development is available for community housing providers.</p>
<p><strong><span style="font-family: 'Arial',sans-serif;"> </span></strong></p>
<p><span style="font-family: 'Arial',sans-serif;">20% of loan funding available through this CHPF Call for Application ($3 million) was set aside for Indigenous-led applications, however no applications from Indigenous housing providers were received. </span>Subject to adoption of this report, staff will work with MBDC, ALFDC and Indigenous housing providers to co-develop a process whereby eligible Indigenous-led housing projects can access up to $3 million in loan funding on an ongoing basis.</p>
<p> </p>
<p><em><span style="font-family: 'Arial',sans-serif;">The oversubscription of the CHPF Call for Applications in 2025 demonstrates the sector’s willingness and readiness to activate their lands to build more homes, however the City is unable to meet the sector’s demand without the support from other orders of government. </span></em></p>
<p><strong><span style="font-family: 'Arial',sans-serif;"> </span></strong></p>
<p><span style="font-family: 'Arial',sans-serif;">Building Faster Fund (BFF)</span></p>
<p> </p>
<p>On June 6, 2025, the Government of Ontario announced that the City will be receiving $67,199,200 this year through the second round of BFF which provides funding to municipalities that achieve at least 80 percent of their provincially designated housing targets. Toronto achieved approximately 88 per cent of its 2024 housing target, representing 20,999 housing starts. Staff are recommending through this report that City Council increase the Housing Secretariat’s 2025-2034 Capital Budget and Plan by $67,199,200 gross and $0 net fully funded through the Building Faster Fund.</p>
<p> </p>
<p>Actual allocations of BFF to projects and initiatives is subject to the submission and approval of an Investment Plan by the Province, which will be prepared by the Executive Director, Housing Secretariat, in consultation with the Deputy City Manager, Development and Growth Services and in accordance with authority approved by City Council in 2024 (<a href="https://secure.toronto.ca/council/agenda-item.do?item=2024.PH15.5">PH15.5</a>).</p>
<p> </p>
<p>The Chief Financial Officer and Treasurer has reviewed this report and agrees with the information as presented in the Financial Impact Section.</p> | <p>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.</p>
<p> </p>
<p>In a dynamic housing market, where housing starts are at a historic low, it is more important than ever to ensure housing projects that include affordable housing outcomes are supported to move from pre-development to construction and occupancy. There are currently over 230 active affordable housing projects in the City’s housing pipeline that have been approved for financial incentives (including relief from development fees, charges and property taxes) indicating the City’s strong commitment to reduce costs, remove barriers, and expedite approvals for affordable housing. However, due to difficult market conditions and limited funding from other orders of government, only 43 of these projects are currently under construction.</p>
<p> </p>
<p>Since 2023, the City has taken a number of unprecedented actions across the housing continuum to support a generational transformation of Toronto’s housing system: expansion of the HousingTO 2020-2030 Action Plan (HousingTO Plan) targets beyond affordable rental homes, to include RGI and rent-controlled homes; launch of the new Community Housing Pre-Development Fund, the Rental Housing Supply Program, and the new Toronto Builds Policy Framework; adoption of the Community Housing Growth and Modernization Strategy; and a limited expansion of financial incentives to community housing-led rent-controlled, market rental and ownership homes where they include affordable housing outcomes. Guided by the Housing Action Plan 2022-2026 (Housing Action Plan), City Council has also approved significant changes to the City’s Official Plan, zoning by-law, and development guidelines, to facilitate the growth of more housing types in diverse neighbourhoods.</p>
<p> </p>
<p>This report provides an update on the implementation of these policy, program and financial measures to support a range of new homes for Toronto, including:</p>
<p> </p>
<p>1. An update on the implementation of the Rental Housing Supply Program (RHSP) through the following streams:</p>
<p> </p>
<p style="padding-left: 30px;">- Capital Funding Stream: A recommendation that City Council approve approximately $85.7 million in grant funding for 14 eligible projects identified through the 2025 Capital Funding Call for Applications.</p>
<p> </p>
<p style="padding-left: 30px;">- Affordable Rental and Rent-Controlled Housing Incentives (ARRCHI) Stream: An update on the results of the new rolling ARRCHI Call for Applications and a request for Council authority to exempt eligible units from taxation for municipal and school purposes.</p>
<p> </p>
<p style="padding-left: 30px;">- Community Housing Pre-Development Fund (CHPF): A report back on the outcomes of the 2024 CHPF Call for Applications which will provide $16.9 million in loan funding to 13 community housing providers to advance due-diligence on a range of RGI, supportive, affordable and rent-controlled homes.</p>
<p> </p>
<p style="padding-left: 30px;">- Purpose-Built Rental (PBR) Housing Incentives Stream: A status update on the projects received, but not approved, through Phase 1: “Quick Start” Call for Applications that can be supported through an indefinite deferral of development charges (DCs) should provincial funding be received.</p>
<p> </p>
<p>2. An update on the deferral of payment of DCs for eligible condominium projects with 5-10% of units as affordable housing:</p>
<p> </p>
<p style="padding-left: 30px;">- A report back on Council direction (EX21.13) with a list of proponents approved to receive an interest free deferral of DCs provided that building permits are issued for the project within two years of receiving City approval of the deferral.</p>
<p> </p>
<p>3. Recommendations to advance market offering process for 72 Amroth Ave., a pilot project through the Expanding Housing Options in Neighbourhoods Initiative (EHON); and</p>
<p> </p>
<p>4. A recommendation to increase the Housing Secretariat Budget by $67.2 million to reflect funding to be received under the provincial Building Faster Fund (BFF), awarded to the City for meeting its 2024 housing start targets; and a confidential update on the planned allocation of the federal Housing Accelerator Fund (HAF) and the 2023 BFF funds as of June 2025.</p>
<p> </p>
<p>This report outlines City actions in support of 39 housing projects representing approximately 10,815 new homes including 3,945 rent-controlled, affordable and RGI homes. It should be noted that approximately 3,015 (out of 3,945) rent-controlled and affordable homes have previously been approved by the City for financial support or secured through various planning policies.</p>
<p> </p>
<p>The report also highlights the readiness of an additional 46 projects representing approximately 15,830 purpose-built rental homes and 4,115 affordable rental homes that can start construction within the next two years, should immediate provincial funding be secured.</p>
<p> </p>
<p>The City worked with Toronto Alliance to End Homelessness and University of Toronto’s Infrastructure Institute to support a diversity of community housing providers to participate in the recent Call for Applications including housing co-operatives and non-profit housing providers serving priority groups such as Black residents, youth, seniors and women. While the projects included in this report demonstrate a variety of housing developments that will serve diverse residents across the city, there remains an urgent priority to address the housing needs of Indigenous communities in Toronto. The City has set aside 20% of its RHSP Capital Funding and CHPF funds (up to approximately $13 million in 2025) to support Indigenous-led housing projects and worked with Miziwe Biik Development Corporation (MBDC) and Aboriginal Labour Force Development Circle (ALFDC) to provide information to Indigenous housing providers applying for these funding opportunities. However, no applications were received as part of these two streams from Indigenous-led organizations. To support the delivery of “For Indigenous, By Indigenous” housing opportunities, more work is needed with the sector to co-develop a distinct process for Indigenous organizations to access these funds on an ongoing basis.</p>
<p> </p>
<p>Despite increased action and investments, Toronto’s housing and homelessness crises have worsened. While the number of City-led and City-supported housing projects has grown, there is an increased need to focus resources on bringing these projects from initial financial approval to construction start and occupancy. This report provides recommendations and updates to Council on concrete action the City has and will continue to take to bring projects from concept to construction. Concerted action and investment from all orders of government and the private, health, and social services sectors is needed to respond to these crises.</p>
<p> </p>
<p>Recent federal and provincial measures to support housing supply and specifically purpose-built rental construction, funding and low-cost financing programs provided by Canada Mortgage and Housing Corporation (CMHC), and funding programs for municipalities such as HAF and BFF are examples of government actions aligning to advance collective housing objectives. However, new and enhanced policy, program and financial tools are urgently needed to meet Toronto, Ontario and Canada’s respective housing supply targets. Specifically, CMHC programs such as the Affordable Housing Fund, and its Rapid Housing Initiative sub-stream, are currently oversubscribed and will make it more difficult for the City, and community housing providers, particularly Indigenous and non-profit organizations, to advance their affordable, RGI, and supportive housing projects.</p>
<p> </p>
<p>This report outlines the opportunity for the federal and provincial governments to support the implementation of the Rental Housing Supply Program to achieve the approval of 65,000 rent-controlled homes by 2030. The report also includes a request to the Province to protect tenants from the use of price-fixing software in Toronto's rental housing market which has raised concerns regarding its role in coordinated rental rate hikes.</p>
<p> </p>
<p>To support a generational transformation of Toronto’s housing system, the City is leveraging all available financial tools to advance the ambitious housing goals of the City, the province and the federal government. Federal and provincial investment in new purpose-built, affordable rental and supportive homes, mental health and social supports, higher social assistance rates and measures to protect tenants are proven to be most effective in complementing the City’s efforts to respond to the diverse needs of Toronto’s current and future residents.</p> | 23 | 5 | CMMTTEE | PH | All | N | 1753243200000 | … | Report | ACTION | Adopted | Main | — | — | Committee | … | … | … | … | … | … | … | … | … | … | … | Decision information not found | false | Adopted | — | … | … | … | … | — | NEGOT | Contains information explicitly supplied in confidence to the City of Toronto by the Canada Mortgage and Housing Corporation (CMHC) and the Minister of Municipal Affairs and Housing, which may only be made public in accordance with funding agreements with CMHC and His Majesty the King in right of Ontario as represented by the Minister of Municipal Affairs and Housing, and confidential information pertaining to a position, plan, procedure, criteria, or instruction to be applied to negotiations. | Measures to be applied to negotiations by or on behalf of the municipality or local board |