Item - 2023.PH1.8

The Planning and Housing Committee:

1. Requested the Chief Planner and Executive Director, City Planning, in consultation with the City Solicitor and any other relevant divisions, report to Planning and Housing Committee on April 27, 2023 on a new approach to securing affordable units within new developments, and other critical infrastructure needed to support new housing and create complete communities.

Last year, the Government of Ontario passed Bill 23, More Homes Built Faster Act, 2022. While the intent of the Bill is to deliver more housing faster, this legislation limits the City's ability to:

- Secure new affordable housing units through our inclusionary zoning policy;

- Fund our affordable housing programs;

- Fund community infrastructure to support growth;

- Acquire and secure parkland and open space; among other impacts.

The City of Toronto is committed to delivering more housing for more people, but this cannot be done absent the infrastructure to support complete communities or the ability to secure affordable units. As a City, we must ensure that we are utilizing every tool at our disposal to meet our housing goals and ensure that Toronto remains affordable for future generations.