West Don Lands Affordable Housing Opening Event

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Last week I had the opportunity to participate with Deputy Mayor Pam McConnell in the official opening of a new Toronto Community Housing (TCH) development in the West Don Lands at 585 King Street East. The development included 128 affordable rental seniors units and 115 affordable rental family units for a total of 243 new units of affordable housing in our city. The West Don Lands revitalization will consist of the Pan-Am Athlete's Village, new TCH units, a new student residence for George Brown College students, and a YMCA building.

The City of Toronto contributed $6.8 million in financial support through grants, exempted development fees and charges, and waived property taxes. An additional $7.49 was directed by the City to this development from the provincial Developing Opportunities for Ontario Renters funding program. The provincial and federal governments contributed $24.5 million towards the construction of this site and TCH funded the remaining capital construction costs.

This is a shining example of the federal, provincial and municipal governments working together to build more affordable housing in Toronto. We need future partnerships, just like this one to build even more affordable housing in Toronto. Notwithstanding our intergovernmental efforts, Toronto is moving forward with looking at opportunities to build more affordable housing by leveraging City resources through the Open Door Program announced by Mayor Tory and I earlier this year. We must continue to work with our public, private and non-profit partners to create a city where everyone can live work and play. 

 

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published this page in Affordable Housing 2015-07-07 20:04:04 -0400

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