Item - 2018.AH10.12
Tracking Status
- This item was considered by Affordable Housing Committee on June 25, 2018 and was adopted with amendments.
- See also EX36.37
AH10.12 - Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street
- Decision Type:
- ACTION
- Status:
- Amended
- Ward:
- 27 - Toronto Centre-Rosedale
Confidential Attachment - A proposed or pending acquisition or sale of land for municipal or local board purposes
Committee Decision
The Affordable Housing Committee recommends to Executive Committee that:
1. City Council receive Confidential Attachment 1 to the report dated June 11, 2018 for information purposes only and authorize the public release of Confidential Attachment 1 to the report following the closing of any acquisition/ expropriation, or in five years from adoption of the report, whichever occurs first.
2. City Council direct the Transition Lead, CreateTO, the Director, Real Estate Services Division and the Director, Affordable Housing Office, to develop an affordable housing real estate acquisition/ expropriation strategy and report on the strategy as part of the Housing Opportunities Toronto 2020-2030 plan in 2019.
3. City Council request the Director, Affordable Housing Office to work with the Director, Real Estate Services in the event that the properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street become available for sale on the open market to make a conditional offer on the properties and report to City Council in early 2019 with a recommended course of action for the acquisition, including federal, provincial or municipal sources of funding to purchase the properties.
Origin
Summary
In May 2018, City Council directed staff, in consultation with CreateTO, to conduct the necessary due diligence on the acquisition or expropriation of the seven abutting properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street ("the Properties") for affordable housing purposes.
Given the preliminary assessment and due diligence work outlined in this report and Confidential Attachment 1, staff do not recommend the acquisition or expropriation of the Properties at this time.
The City of Toronto does not currently have a policy or standardized approach to the acquisition/ expropriation of properties for affordable housing development. This report recommends CreateTO, the Director, Real Estate Services Division and the Director, Affordable Housing Office, develop an affordable housing real estate acquisition/ expropriation strategy and report on the strategy in 2019 as part of the development of the Housing Opportunities Toronto 2020-2030 Action Plan.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ah/bgrd/backgroundfile-116418.pdf
Confidential Attachment
Communications
https://www.toronto.ca/legdocs/mmis/2018/ah/comm/communicationfile-85146.pdf
(June 22, 2018) E-mail from Elin Goulden, Social Justice & Advocacy Consultant, Diocese of Toronto, Anglican Church of Canada (AH.New.AH10.12.2)
Speakers
Joyce Rankin, Manager, Street Health
Yogi Acharya, Ontario Coalition Against Poverty
(June 25, 2018) Tim Brown, Community Advocate, Sound Times
Motions
That:
1. City Council request the Director, Affordable Housing Office to work with the Director, Real Estate Services in the event that the properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street become available for sale on the open market to make a conditional offer on the properties and report to City Council in early 2019 with a recommended course of action for the acquisition, including federal, provincial or municipal sources of funding to purchase the properties.