Support for New Non-Profit Affordable Housing on City Lands at 25 Bellevue Avenue - Section 37 Funds for Pre-Development Work - by Councillor Mike Layton, seconded by Councillor Joe Cressy

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The decision

2021-03-10 · Toronto City Council · amended

As filed

City Council on March 10, 2021, adopted the following: 1. City Council authorize the Executive Director, Housing Secretariat to negotiate, enter into and execute, on behalf of the City, agreements or other documents with such environmental, engineering, planning and financial or other consultants, community agencies, professionals, private entities and/or individuals deemed necessary to conduct the pre-development investigations

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and due diligence considered necessary to ensure a successful, competitive affordable housing proposal call to identify a non-profit developer and operator with respect to the City-owned property at 25 Bellevue Avenue, or work with the Executive Director, CreateTO for CreateTO to procure these pre-development and due diligence services, on terms and conditions satisfactory to the Executive Director, Housing Secretariat, and in a form satisfactory to the City Solicitor. 2. City Council authorize the Executive Director, Housing Secretariat to pay for the services obtained through Part 1 above from the Capital Revolving Reserve Fund for Affordable Housing (XR1058), to a maximum of $150,000.00 inclusive of the Harmonized Sales Tax and disbursements, fully funded from the development at 126 and 128 Hazelton Avenue secured capital improvements for new or existing affordable housing, in the amount of $150,000 (Source Account: XR3026-3700969). 3. Pursuant to Part 2 above, City Council authorize the transfer of $150,000 from the Section 37 Reserve Fund (Source Account: XR3026-3700969) to the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 4. City Council amend the Approved 2021-2030 Capital Budget and Plan for Housing Secretariat through an increase of $150,000 in the project cost and 2021 cash flow for the Rental Development Project, to support the pre-development work at 25 Bellevue Avenue fully funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058).

On the agenda

As the city filed it

In July 2020, City Council designated the Toronto Parking Authority lot at 25 Bellevue Avenue (Green P Carpark 71) in Kensington Market for new non-profit affordable rental housing development. To prepare the site, City staff need funds for due diligence and pre-development work, such as environmental and engineering studies. This Motion recommends up to $150,000.00 in Section 37 funds from developments in Ward 11 to pay these costs.

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This work in conjunction with a competitive affordable housing proposal call to select a strong non-profit developer/operator, this pre-development funding will ready the site for the construction of much-needed safe, secure and affordable new homes. Background: City Council on July 28 and 29, 2020, adopted Motion MM23.19, Creating New Non-Profit Affordable Rental Housing at 25 Bellevue Avenue, and declared the City-owned property at 25 Bellevue Avenue surplus, for lease to a non-profit housing organization to be selected through a competitive process. This decision can be found at the following link: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2020.MM23.19 City Council at its meeting of July 23, 24, 25, 26, 27 and 30, 2018, adopted Motion MM44.93, 15 Denison Avenue - Exploring Affordable Housing and Cultural Animation Opportunities, and requested staff explore affordable housing and cultural animation opportunities for 15 Denison Avenue. This decision can be found at the following link: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2018.MM44.93 On July 4, 2018, the Toronto and East York Community Council adopted Item TE34.218, Visioning for 25 Bellevue Avenue Toronto Parking Authority Parking Lot, and directed staff to undertake a visioning process and consider City-building opportunities on the site, in consultation with the Ward Councillor, Kensington Market Land Trust and the local community. Through this exercise, the Carpark site was identified as appropriate for 100 percent affordable rental housing. This decision can be found at the following link: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2018.TE34.218

Staff recommended

Councillor Mike Layton, seconded by Councillor Joe Cressy, recommends that: 1. City Council authorize the Executive Director, Housing Secretariat to negotiate, enter into and execute, on behalf of the City, agreements or other documents with such environmental, engineering, planning and financial or other consultants, community agencies, professionals, private entities and/or individuals deemed necessary to conduct the

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pre-development investigations and due diligence considered necessary to ensure a successful, competitive affordable housing proposal call to identify a non-profit developer and operator with respect to the City-owned property at 25 Bellevue Avenue, or work with the Executive Director, CreateTO for CreateTO to procure these pre-development and due diligence services, on terms and conditions satisfactory to the Executive Director, Housing Secretariat, and in a form satisfactory to the City Solicitor. 2. City Council authorize the Executive Director, Housing Secretariat to pay for the services obtained through Part 1 above from the Capital Revolving Reserve Fund for Affordable Housing (XR1058), to a maximum of $150,000.00 inclusive of HST and disbursements, fully funded from the development at 126 and 128 Hazelton Avenue secured capital improvements for new or existing affordable housing, in the amount of $150,000 (Source Account: XR3026-3700969). 3. City Council increase the Approved 2021 Operating Budget for Shelter, Support and Housing Administration, by $150,000 gross, $0 net, in coordination with the Executive Director, Housing Secretariat, for affordable housing at 25 Bellevue Avenue funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058) subject to the transfer of the designated funds from XR3026 to XR1058.

On the record

The item as the City filed it

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