Item - 2023.MM5.4

City Council on March 29, 30 and 31, 2023, adopted the following:

1. City Council request the Executive Director, Housing Secretariat, in consultation with the Executive Director, Corporate Real Estate Management and the Chief Executive Officer, CreateTO to bring a policy framework to the April 27, 2023 meeting of the Planning and Housing Committee, and as part of City Council's 2023 Housing Action Plan, to guide the renewal of ground leases with non-profit housing providers (including co-ops) on City-owned land, to support their long-term financial and operating viability including exploring opportunities and sources of capital and operating funding.

2. City Council request the Executive Director, Corporate Real Estate Management and the Executive Director, Housing Secretariat to prioritize the renewal of Beech Hall Co-operative, by the end of March 2024, subject to City Council approval of the new policy framework referenced in Part 1 above, and to support Beech Hall Co-operative to develop a plan for the modernization of residential units within the sixteen buildings.

3. City Council request the Executive Director, Housing Secretariat, as part of the lease negotiations, to work with the Executive Director, Corporate Real Estate Management, the Chief Building Official and Executive Director, Toronto Building, and the Chief Financial Officer and Treasurer to engage with Beech Hall Co-operative to find a mutually agreeable solution to the Co-operative’s challenges to obtain comprehensive property insurance.

4. City Council request the Executive Director, Housing Secretariat to work collaboratively with the Co-operative Housing Federation of Toronto and the Ontario Non-Profit Housing Association and the Canada Mortgage Housing Corporation in supporting the long-term sustainability of non-profit and co-operative housing developments which are subject to expiring long-term leases on public land.