Mayor John Tory has announced today that the city will be building more affordable housing on 5 city owned plots of land.
Tory made the announcement on one of those plots of land at Fort York.
Tory said an additional inventory of 13 other city sites have possible affordable housing “potential” as well, and that he would do what he could to accelerate execution of the plan.
Tory says the 5 plots of land could bring as many as 389 affordable housing spaces once they’re built.
An RFP has gone out to build affordable housing on those 5 pieces of land and Tory challenged the provincial and Federal governments to “find” land to donate for affordable housing.
Tory says the city is bulking up the open doors program to make sure potential partners can see they have everything they need if they choose to work with the city
They will also offer similar financial incentives given to non profits like waiving development charges, property taxes or building and application fees.
There are currently 95,381 families on a wait list for social housing as of September 2015 according to Housing connections.
Tory has made social housing a priority for the city, as they face a $2.6 billion repair backlog.
— John Tory (@JohnTory) November 19, 2015