TORONTO: The City of Toronto is actively working to create more affordable housing. This work is guided by the HousingTO 2020-2030 Action Plan which will help create a range of housing opportunities.
To help achieve this, Toronto aims to approve 40,000 new affordable rental homes, including 18,000 deeply affordable homes with supports, as well as 4,000 affordable ownership homes by 2030.
There are approximately 9,900 people experiencing homelessness in Toronto. New affordable and supportive housing is urgently needed to ensure everyone has a warm, safe place to call home. The City, in partnership with federal and provincial governments, is increasing the supply of supportive homes. These housing projects aim to provide a rapid, dignified response to connect people experiencing homelessness with affordable homes and support services. To provide this rapid response, the City uses either innovative modular construction on City-owned land or acquires existing buildings (such as hotels or motels) that need renovations.
There are more than 8,000 people experiencing homelessness in Toronto. New homes with support services are urgently needed to ensure everyone has a warm, safe place to call home. In 2020, City Council adopted the 24-Month COVID-19 Housing and Homelessness Recovery Response Plan which outlines a plan for the City to accelerate the creation of 2,000 supportive homes and 1,000 housing benefits to create 3,000 new affordable housing opportunities in 24 months.
To provide this rapid response, the City of Toronto uses either innovative modular construction on City-owned land or acquires existing buildings (such as hotels or motels) that need renovations. The City also partners with, funds, and supports non-profit partners to acquire new properties or develop their own land to create new supportive housing.
The City has secured funding, including from the federal government, to exceed these targets and is on track to deliver over 2,000 supportive homes, as well as over 1,000 Canada-Ontario Housing Benefits. The majority of the new homes will be completed by the end of 2022.
In May 2022, the Ontario Government committed $27 million in additional operating funding for supportive housing costs associated with buildings set to open in 2022, and committed to partnering with the City on its 24 Month Housing and Homelessness Recovery Plan to provide ongoing operating funding for supportive housing units set to come online by the end of 2023.
20 Samuel Wood Way
45 affordable rental homes are opening at 20 Samuel Wood Way (near Kipling Station) in the spring of 2023. These two-bedroom and three-bedroom homes will be rented at $1,703 and $1,961 per month, respectively and are subject to the Provincial Guideline annual rent increase. All affordable homes are pet friendly and include kitchen appliances.
Eligible persons can submit applications for a random draw through the Concert Properties website. Household income limitations apply. Review the website below for further details.
• Address: 20 Samuel Wood Way. Website: https://www.concertproperties.com/rentals/20-samuel-wood-affordable-rentals
• Application Deadline: February 15, 2023 with Estimated Occupancy: Spring 2023.