Toronto City Council approved the City of Toronto’s new 10-year HousingTO 2020-2030 Action Plan.
The action plan addresses the full spectrum of housing from homelessness and social housing to affordable rental housing and long-term care. The action plan will assist more than 341,000 Toronto households and includes:
- approving 40,000 new affordable rental homes, including 18,000 new supportive homes approvals for vulnerable residents, some of whom are homeless or at risk of being homeless, and a minimum of 25 per cent (10,000) new affordable rental and supportive homes dedicated to women and girls, including female-led households
- preventing 10,000 evictions for low-income households
- improving housing affordability for 40,000 households, and
- assisting more than 10,000 seniors remain in their homes or move to long-term care facilities.
Implementation of the full 10-year plan is estimated to cost $23.4 billion and calls for new investments from all three orders of government. Through current and future investments, the City will fund $8.5 billion, with $5.5 billion already committed through operating, capital investments and other financial tools. The action plan calls on the federal and provincial governments to invest a combined $14.9 billion.
The action plan contains 76 actions to address the needs of people across the housing spectrum. Highlights of the actions include:
- Adopt a revised "Toronto Housing Charter: Opportunity for All" document.
- Enhance measures to prevent evictions and people becoming homeless.
- Preserve the rental homes that currently exist.
- Adopt a new program definition of affordable rental housing based on income.
- Create a multi-sector land bank to support the approval of 40,000 new rental and supportive homes.
- Engage the federal and provincial governments to implement the new Canada Housing Benefit and support the creation of supportive and affordable rental homes.
City Council also sent a clear message to federal and provincial governments that homelessness in Toronto is an ongoing critical and emergency issue requiring those two governments to commit on an expedited basis to build on the initiatives the City has taken to date.