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Toronto Community Housing Corporation

Toronto Community Housing Corporation (TCHC) is the largest social housing provider in Canada and the second largest in North America. It provides affordable rental housing to about 57,500 low and moderate-income households, including seniors, families, singles, refugees, recent immigrants to Canada, and people with special needs. Government funding subsidizing TCHC's operations is administered by the City's Shelter, Support and Housing Administration division acting as the Service Manager under the Housing Services Act, 2011.

TCHC is incorporated under the Ontario Business Corporations Act, with the City of Toronto as its sole shareholder.

Board responsibilities

The board is responsible for the following:

• establishing annual and long-range strategies and plans
• establishing policies consistent with the Shareholder Direction and all relevant legislation
• establishing and maintaining appropriate reserves consistent with sound financial principles and program regulations
• selecting bankers and other financial institutions and establishing all banking authorities
• appointing TCHC's officers, the Boards of Directors of the subsidiaries, and approving Shareholder Directions for the subsidiaries in accordance with City direction
• directing all labour and employee-relations matters

Board composition

The board has a total of 13 members including:

• the Mayor or the Mayor's designate
• 2 City Councillors
• 3 tenant directors
• 7 public members

Term of office

The term of office for public members is two years, and members serve until their successors are appointed.

Eligibility requirements

To be eligible for appointment to the board, public members must meet the eligibility requirements in the City's Public Appointment Policy, including:

• Must be a resident of the city of Toronto;
• Must be at least 18 years old;
• Cannot be a spouse, partner, child or parent of a Member of Toronto City Council;
• Cannot be a City employee or an employee of a City agency or corporation.

Qualifications

In addition to the general eligibility requirements in the Public Appointments Policy, board members should collectively represent a range of expertise including:

• knowledge of the field of social housing
• housing advocacy or community development
• land development
• property management
• business management
• corporate governance
• organizational development
• labour relations
• business law
• social services for hard-to-serve tenants

Meeting and Time commitment

Meetings are held approximately eight times a year or at the call of the chair.

Remuneration

• The chair receives an annual retainer of $50,000 plus $500 per meeting attended up to a maximum of $70,000 in total annually.
• Board members receive an annual retainer of $10,000 plus $500 per meeting attended up to a maximum of $20,000 in total annually.

Related links

• Toronto Community Housing Corporation website
• City Council policy on terms of office for directors of City Corporations