Item - 2020.RA11.3

The Chief Executive Officer recommends that:

1.  The Board of Directors of CreateTO receive this report for information.

On January 31, 2019, City Council approved a signature affordable housing initiative, "the Housing Now Initiative," to leverage City-owned land for the purpose of creating new, mixed-use, mixed-income communities. Through the initiative, 11 properties were identified for development, with the potential to create a total of 10,000 new residential units. The Housing Now initiative is coordinated through a Steering Committee composed of senior staff from the Housing Secretariat, City Planning and CreateTO. The purpose of this report is to provide a broad status update on the progress made to date by the Steering Committee on the initial 11 properties.

There is no financial impact on CreateTO. Due diligence, marketing and partial human resource costs are being recovered by CreateTO from the Housing Secretariat.