Item - 2017.EX27.14

Tracking Status

EX27.14 - Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications

Decision Type:
ACTION
Status:
Adopted
Wards:
5 - Etobicoke-Lakeshore, 13 - Parkdale-High Park, 20 - Trinity-Spadina, 29 - Toronto-Danforth, 32 - Beaches-East York, 38 - Scarborough Centre

City Council Decision

City Council on October 2, 3 and 4, 2017, adopted the following:

 

1. City Council authorize the Director, Affordable Housing Office, to provide capital funding from the Development Charges Reserve Fund for Subsidized Housing (XR1116), in the amounts and for the projects described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office and in an amount not to exceed $11,073,462, to facilitate creation of the 298 affordable rental homes through the Open Door Program.

 

2. City Council authorize that the projects described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office be exempt from the payment of development charges, building, planning and parkland dedication fees and charges.

 

3. City Council authorize an exemption from taxation for municipal and school purposes for the projects and for the periods of time described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office.

 

4. City Council authorize City staff to cancel or refund any taxes paid after the effective date of the municipal capital facility agreement.

 

5. City Council authorize the Director, Affordable Housing Office, to negotiate and enter into, on behalf of the City, a municipal housing facility agreement, with recommended applicants, or related corporations to secure the financial assistance and to set out the terms of the development and operation of the new affordable rental housing, on terms and conditions satisfactory to the Director, Affordable Housing Office, in consultation with the Deputy City Manager, Chief Financial Officer and General Manager, Shelter, Support and Housing Administration, in a form approved by the City Solicitor.

 

6. City Council authorize the Director, Affordable Housing Office, to execute, on behalf of the City, the municipal housing facility agreement, any security or financing documents or any other documents required to facilitate the funding process, including any documents required by the applicants, or their related corporations to complete construction and conventional financing, where required.

 

7. City Council authorize the City Solicitor to execute, postpone, confirm the status of, and discharge any City security documents registered as required by normal business practices.

 

8. City Council authorize the General Manager, Shelter, Support and Housing Administration to make necessary future budget adjustments to accommodate the cash flow for the funds approved in the report (September 6, 2017) from the Director, Affordable Housing Office from the Development Charges Reserve Fund for Subsidized Housing.

Background Information (Committee)

(September 6, 2017) Report and Appendices A and B from the Director, Affordable Housing Office on Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-106646.pdf

Motions (City Council)

Motion to Adopt Item (Carried)

Vote (Adopt Item) Oct-03-2017 9:59 AM

Result: Carried Majority Required - EX27.14 - Adopt the item
Total members that voted Yes: 35 Members that voted Yes are Ana Bail„o, Jon Burnside, John Campbell, Shelley Carroll, Gary Crawford, Joe Cressy, Janet Davis, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Jim Hart, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Jaye Robinson, Neethan Shan, David Shiner, John Tory, Kristyn Wong-Tam
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 9 Members that were absent are Paul Ainslie, Maria Augimeri, Christin Carmichael Greb, Josh Colle, Vincent Crisanti, Justin J. Di Ciano, Giorgio Mammoliti, Anthony Perruzza, Michael Thompson

14a - Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications

Background Information (Committee)
(September 20, 2017) Letter from the Affordable Housing Committee on Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-107073.pdf

EX27.14 - Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications

Decision Type:
ACTION
Status:
Adopted
Wards:
5 - Etobicoke-Lakeshore, 13 - Parkdale-High Park, 20 - Trinity-Spadina, 29 - Toronto-Danforth, 32 - Beaches-East York, 38 - Scarborough Centre

Committee Recommendations

The Executive Committee recommends that:

 

1. City Council authorize the Director, Affordable Housing Office, to provide capital funding from the Development Charges Reserve Fund for Subsidized Housing (XR1116), in the amounts and for the projects described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office and in an amount not to exceed $11,073,462, to facilitate creation of the 298 affordable rental homes through the Open Door Program.

 

2. City Council authorize that the projects described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office be exempt from the payment of development charges, building, planning and parkland dedication fees and charges.

 

3. City Council authorize an exemption from taxation for municipal and school purposes for the projects and for the periods of time described in the chart in the Financial Impact section of the report (September 6, 2017) from the Director, Affordable Housing Office.

 

4. City Council authorize City staff to cancel or refund any taxes paid after the effective date of the municipal capital facility agreement.

 

5. City Council authorize the Director, Affordable Housing Office, to negotiate and enter into, on behalf of the City, a municipal housing facility agreement, with recommended applicants, or related corporations to secure the financial assistance and to set out the terms of the development and operation of the new affordable rental housing, on terms and conditions satisfactory to the Director, Affordable Housing Office, in consultation with the Deputy City Manager, Chief Financial Officer and General Manager, Shelter, Support and Housing Administration, in a form approved by the City Solicitor.

 

6. City Council authorize the Director, Affordable Housing Office, to execute, on behalf of the City, the municipal housing facility agreement, any security or financing documents or any other documents required to facilitate the funding process, including any documents required by the applicants, or their related corporations to complete construction and conventional financing, where required.

 

7. City Council authorize the City Solicitor to execute, postpone, confirm the status of, and discharge any City security documents registered as required by normal business practices.

 

8. City Council authorize the General Manager, Shelter, Support and Housing Administration to make necessary future budget adjustments to accommodate the cash flow for the funds approved in the report (September 6, 2017) from the Director, Affordable Housing Office from the Development Charges Reserve Fund for Subsidized Housing.

Origin

(September 6, 2017) Report from the Director, Affordable Housing Office

Summary

This report outlines the results of the inaugural Open Door Program Call for Applications and recommends seven development proposals for Council approval, representing 298 affordable rental homes across the City. The report also recommends that authority be granted to City staff to enter into the necessary agreements to fund and secure the construction and operation of these affordable rental housing developments.

 

Open Door is a five-year initiative approved by City Council in July 2016. The program is designed to scale up City efforts to achieve Toronto's targets of creating 5,000 affordable rental homes and 2,000 affordable ownership opportunities for low- and moderate-income residents.

 

The recommended developments represent the results of a competitive Call for Affordable Rental Housing Applications which was issued in February, 2017 and closed on May 31. These applications were reviewed by an interdivisional committee of staff from the Affordable Housing Office, City Planning, City Legal, Shelter Support and Housing Administration, Corporate Finance, and Build Toronto.

Background Information

(September 6, 2017) Report and Appendices A and B from the Director, Affordable Housing Office on Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-106646.pdf

Motions

1 - Motion to Adopt Item moved by Councillor Ana Bail„o (Carried)

That the recommendations in the letter (September 20, 2017) from the Affordable Housing Committee (EX27.14a) be adopted.

14a - Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications

Origin
(September 20, 2017) Letter from the Affordable Housing Committee
Summary

This report outlines the results of the inaugural Open Door Program Call for Applications and recommends seven development proposals for Council approval, representing 298 affordable rental homes across the City. The report also recommends that authority be granted to City staff to enter into the necessary agreements to fund and secure the construction and operation of these affordable rental housing developments.

 

Open Door is a five-year initiative approved by City Council in July 2016. The program is designed to scale up City efforts to achieve Toronto’s targets of creating 5,000 affordable rental homes and 2,000 affordable ownership opportunities for low- and moderate-income residents.

 

The recommended developments represent the results of a competitive Call for Affordable Rental Housing Applications which was issued in February, 2017 and closed on May 31. These applications were reviewed by an interdivisional committee of staff from the Affordable Housing Office, City Planning, City Legal, Shelter Support and Housing Administration, Corporate Finance, and Build Toronto.

Background Information
(September 20, 2017) Letter from the Affordable Housing Committee on Creating 298 Affordable Rental Homes in Toronto - Results of the 2017 Open Door Call for Applications
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-107073.pdf
Source: Toronto City Clerk at www.toronto.ca/council