Taking Action on Housing SEAN GADON, DIRECTOR AFFORDABLE HOUSING OFFICE, CITY OF TORONTO MAY 10, 2016 PRESENTATION TO THE HOUSING SERVICES CORPORATION REGENERATION FORUM

2 Power of Affordable Housing Affordable Housing Office

3 The Economic Power of Affordable Housing Affordable Housing Office Economic impact of housing through: Production of goods and services Jobs created directly and indirectly Income generated Taxes on revenue generated

The City of Toronto is committed to creating affordable housing in all neighbourhoods. Annual Targets 1,000 affordable rental homes 400 affordable ownership homes Affordable Housing Office Affordable Housing Action Plan 4

Policy Statement It is the policy of the City of Toronto that fair access to a full range of housing is fundamental to strengthening Toronto’s economy, its environmental efforts, and the health and social well-being of its residents and communities. Affordable Housing Office Toronto’s Housing Charter 5

Affordable Housing Office Political Champions 6 Mayor Tory, City’s Housing Advocate, and City’s Poverty Advocate announce creating more affordable housing at 200 Madison Avenue.

Toronto’s Open Door Program Provincial 2016 Budget and Long Term Affordable Housing Strategy Federal 2016 Budget and commitment to a National Housing Strategy Affordable Housing Office City, Provincial and Federal Action 7

474 affordable rental and ownership homes under construction on five City of Toronto surplus sites under the new Open Door Program The sites will contain a mix of 1,500 affordable and market homes $30 million in construction activity creating some 3,000 direct and indirect jobs Affordable Housing Office Five City Sites for 474 Affordable Homes 8

Developments started with the principal of inclusion where affordable rental and ownership housing is mixed within residential housing buildings and communities Developments include a range of approaches to making available city surplus lands for affordable housing Represent innovation in housing delivery and a mix of investments from the three orders of government Affordable Housing Office Five City Sites - What they have in Common 9

Affordable Housing Office Aquavista at Bayside 10 Waterfront TO 80 affordable rental homes owned by the City of Toronto and embedded in a mixed use development on Toronto’s waterfront Under construction - opening in 2018 – Artscape operating under a 50 year lease

Affordable Housing Office Weston Community/Cultural Hub King Street Revitalization initiative on a former City parking lot and an existing private apartment complex - 26 artist live-work homes in the podium of the existing apartment building plus six affordable accessible rental homes in the market building Opening in 2019 with Artscape operating the 26 live-work homes and the six accessible homes operated by the developer

Affordable Housing Office Madison View Homes Madison Avenue Former Toronto Hydro site located in the Casa Loma community 82 rental homes under a 50 year lease with Madison View Homes Opening 2019 – referrals and supports from non-profit agencies

Affordable Housing Office The Rocket at Tippett Road 13 Planning regeneration area which includes a mix of buildings and tenure City has secured 30% of the homes – 250 units – as affordable housing Rental homes affordable for 25 years 20% down payment assistance for affordable ownership purchasers

Affordable Housing Office Affordable Housing in City Place 14 Block 36 North, Railway Lands Site was former Canada Lands property transferred to the City City established an affordable housing requirement Block 36 North to provide some 80 rental homes RFP closed with results in July 2016 – construction start 2017 Will operate under a 50 year lease – mix of rent levels

Affordable Housing Office Ingredients for Success 15  Create and activate an inventory of surplus lands for housing  Commit to making land available on favourable terms  Embed affordable housing in planning policies and prioritize affordable housing program funding and incentives for surplus lands  Sustained federal/provincial funding  Commit to innovate - share risk among partners – and a culture of collaboration

Affordable Housing Office New Directions and Opportunities 16 Some suggestions:  Drill down on opportunities to develop new homes within existing social housing  Jump on partnership opportunities where new development is happening  Be “shovel ready” to act on emerging federal/provincial/municipal policy and program opportunities

Contact Information Sean Gadon, Director Affordable Housing Office City Of Toronto