Item - 2021.RA23.3
Tracking Status
- This item was considered by CreateTO on July 7, 2021 and was adopted with amendments.
RA23.3 - Housing Now Progress Update (June 2021)
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - a proposed or pending disposition of land by the City, and a position, plan, procedure, criteria or instruction to be applied to negotiations to be carried on by or on behalf of CreateTO and the City
Board Decision
The Board of Directors of CreateTO:
1. Authorized the public release of the confidential information contained in Confidential Attachment 1 to the report (April 29, 2021) from the Vice President, Development, CreateTO at the discretion of the Chief Executive Officer.
Origin
Summary
On January 30, 2019, City Council approved a signature affordable housing program, the "Housing Now Initiative," to leverage City-owned land for the purpose of creating new, mixed-use, mixed-income communities near transit. Through the Initiative, 11 properties were initially 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 six more sites to the Housing Now Initiative with the potential to create 1,455 to 1,700 additional 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 the CreateTO Board of Directors with a broad status update on the progress made to-date on activating the 17 properties.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168611.pdf
Attachment 1 - Phase 1 Housing Now Milestone Report
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168589.pdf
Attachment 2 - Housing Now Unit Tracker
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168590.pdf
Motions
That the Board adopt the following recommendation in the report from the Vice President, Development (RA23.3a):
1. The Board of Directors of CreateTO authorize the public release of the confidential information contained in Confidential Attachment at the discretion of the Chief Executive Officer.
3a - Housing Now Progress Update (May 2021)
Confidential Attachment - a proposed or pending disposition of land by the City, and a position, plan, procedure, criteria or instruction to be applied to negotiations to be carried on by or on behalf of CreateTO and the City
Origin
Summary
On January 30, 2019, City Council approved a signature affordable housing program, the "Housing Now Initiative," to leverage City-owned land for the purpose of creating new, mixed-use, mixed-income communities near transit. Through the Initiative, 11 properties were initially 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 six more sites to the Housing Now Initiative with the potential to create 1,455 to 1,700 additional 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 the CreateTO Board of Directors with a broad status update on the progress made to-date on activating the 17 properties.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168003.pdf
Attachment 1 - Phase 1 Housing Now Milestone Report
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168004.pdf
Attachment 2 - Housing Now Unit Tracker
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168025.pdf
Attachment 3 - Community Benefits Framework Update
https://www.toronto.ca/legdocs/mmis/2021/ra/bgrd/backgroundfile-168026.pdf
Confidential Attachment 1 - Community Benefits Framework Update