Item - 2020.RA17.2

The Board of Directors of CreateTO:

1.  Received the report (September 25, 2020) from the Chief Executive Officer, CreateTO for information.

The Senior Vice President, Development, CreateTO and the Vice President, Development, CreateTO gave an update on the Housing Now Progress.

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 on the 17 properties.