Item - 2020.RA13.3

The Board of Directors of CreateTO:

1. Requested the Chief Executive Officer, CreateTO, in consultation with Social, Development, Finance and Administration and the Housing Secretariat, to work with the Toronto Community Benefits Network in order to secure Community Benefit Agreements on the City's Housing Now sites as per City Council's direction.

2.  Requested the Chief Executive Officer, CreateTO, to work with the TTC so that a city building lens is added to the site selection process for the Greenwood Station Second Exit and that an assessment be undertaken to determine if there are options which can provide both a safe, accessible second exit and advance city building and affordable housing at the same time.

The Senior Vice President, Development, CreateTO gave a presentation on the Eleven Initial Housing Now Sites. The Vice President, Land Development and Planning gave a presentation on Six New Housing Now Properties.

On January 30, 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. On May 28, 2020, Council approved the addition of 6 more sites to the Housing Now Initiative with the potential to create 1,455 to 1,700 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.