Item - 2021.PH22.11

The Planning and Housing Committee recommends that:

1. City Council authorize the General Manager, Shelter, Support and Housing Administration, to negotiate and enter into, on behalf of the City, a municipal housing facility agreement (the City's Contribution Agreement) with the housing providers described in Table 2 in the Financial Impact section of report (April 8, 2021) from the General Manager, Shelter, Support and Housing Administration, to secure affordable housing in accordance with By-law 1756-2019, in return for the exemption from taxation for municipal and school purposes, on terms and conditions satisfactory to the General Manager, Shelter Support and Housing Administration, in a form approved by the City Solicitor.

2. City Council authorize an exemption from taxation for municipal and school purposes for the properties and periods of time described in Table 2 in the Financial Impact section of report (April 8, 2021) from the General Manager, Shelter, Support and Housing Administration, with the tax exemption being effective from the "Effective Date" of the City's Contribution Agreement.

3. City Council authorize the Controller to cancel or refund any taxes paid after the Effective Date of the City's Contribution agreement.

4. City Council direct the City Clerk to give written notice of each By-law authorizing the municipal housing facility agreements to the Minister of Finance, and written notice of each By-law authorizing an exemption from taxation for municipal and school purposes to the Municipal Property Assessment Corporation, and to the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde, and le Conseil scolaire catholique MonAvenir, as appropriate.

In December 2019, City Council approved the Community Housing Partnership Renewal Program (CHPR), a new program designed to incentivize former federal non-profit housing providers with expired operating agreements to enter into new agreements with the City. CHPR is a key initiative within the HousingTO 2020-2030 Action Plan, to secure affordable housing and maintain or improve levels of affordability.

The implementation of CHPR requires site-specific authority from Council to approve individual municipal housing facility agreements for participating housing providers. In October 2020, City Council approved the first round of non-profit housing providers that committed to participating in the program. Four housing providers enrolled into the CHPR program, securing a total of 360 affordable rental units for 20-year terms.

The purpose of this report is to obtain Council authority for Shelter, Support and Housing Administration (SSHA) to implement the second round of non-profit housing providers that have committed to participating in CHPR. This includes enrolling two housing providers with a total of 237 affordable rental units; 139 units for a 20-year term and 98 units for a 10-year term. In addition to securing affordable rental units, agreements under CHPR will deepen affordability through the provision of housing benefits.