Item - 2020.MM26.15

City Council on November 25 and 26, 2020, adopted the following:

1.  City Council authorize the Executive Director, Housing Secretariat to provide $150,000 in funding, inclusive of Harmonized Sales Tax and disbursements, from the Capital Revolving Reserve Fund for Affordable Housing (XR1058) to St. Clare's Multifaith Housing Society, a non-profit housing operator, to support the modernization of 10 kitchens at 138 Pears Avenue in Ward 11, fully funded from the following development:
 

a.  124 and 128 Pears Avenue, secured for public housing improvements in Ward 20 (now Ward 11), in the amount of $67,317 (Source Account XR3026-3700792);

b.  275 Albany Avenue and 420 Dupont Street, secured for the provision of new affordable housing in Ward 20 (now Ward 11), in the amount of $80,583 (Source Account XR3026-3701049); and

c.  126-128 Hazelton Avenue, secured for capital improvements for new or existing affordable housing, in the amount of $2,100 (Source Account XR3026-3700969).
 

2.  City Council increase the 2020 Operating Budget for Shelter, Support and Housing Administration, by $150,000 gross, $0 net, in coordination with the Executive Director, Housing Secretariat, for affordable housing at 138 Pears Avenue funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058) subject to the following conditions:
 

a.  the transfer of the designated funds from XR3026 to XR1058; and

b.  St. Clare's Multifaith Housing Society signing an agreement which governs the use of the funds and the financial reporting requirements.