Item - 2024.MM24.38
Tracking Status
- City Council adopted this item on December 17 and 18, 2024 without amendments.
MM24.38 - Engaging the Canadian Infrastructure Bank to Support Housing Supply - by Mayor Olivia Chow, seconded by Councillor James Pasternak
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on December 17 and 18, 2024, adopted the following:
1. City Council request the City Manager, in consultation with the Chief Financial Officer and Treasurer and the Deputy City Manager, Development and Growth Services, to identify potential projects for consideration by the Canadian Infrastructure Bank that meet the following criteria:
a. offer the ability to deliver a significant quantity of housing in support of the City of Toronto’s 2031 target of 285,000 homes;
b. require substantial investments in enabling infrastructure to unlock the growth potential of the subject sites and surrounding area; and
c. align with key city objectives as outlined in Toronto’s Official Plan and other Council-adopted policies.
Background Information (City Council)
Motions (City Council)
That Mayor Olivia Chow be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Engaging the Canadian Infrastructure Bank to Support Housing Supply
Reason for Urgency:
This motion is urgent because it relates to accessing time-limited funding opportunities.