Item - 2023.RA8.2

The Board of Directors of CreateTO:

1.  Received the report (October 31, 2023) from the Chief Executive Officer, CreateTO for information.

The Housing Now Initiative leverages City-owned land for the purpose of creating new mixed-use, mixed-income communities near transit. Housing Now is part of the City’s HousingTO 2020-2030 Action Plan, Toronto’s overall strategy to address a range of housing needs.  

Since Housing Now began in January 2019, the City has included 22 locations across Toronto. These properties are estimated to produce over 16,000 new homes with approximately one-third being affordable rental homes. A further six sites are part of the Initiatives pipeline for preliminary due diligence. 

Housing Now currently has development approvals for 10 properties. A ground-breaking ceremony was hosted for first project to hit the construction milestone at 5207 Dundas Street West in August 2023. This report provides the CreateTO Board of Directors with a broad status update on the progress made to-date on activating the 22 properties and future pipeline sites.  

The Housing Now Initiative is coordinated through a Steering Committee, representing the project partners comprising senior staff from the Housing Secretariat, City Planning and CreateTO.