Open Door Program 2020 Call for Applications Results: Supporting 971 New Affordable Rental Homes

880-884 Kingston Road 19 50 - $2,055,299 $1,089,413 2 Brenyon Way Charitable Foundation 25 Sewells Road 25 202 $2,020,000 $9,951,942 $5,683,909 3 Community Affordable Housing Solutions (CAHS) 355 Coxwell Avenue 19 33 $3,135,000 $1,818,620 $991,024 4 Lifestyle Custom Homes Inc. & Community Affordable Housing Solutions (CAHS) 144 Galloway Road 24 120 - $5,188,014 $2,315,996 5 L'Arche Toronto Homes Inc. 130 River Street 13 8 $475,000 - $74,171 6 873815 Ontario Limited (Mahogany Management) 1552 Weston Road 5 48 $1,699,200 $1,992,754 $917,154 7 Na Me Res (Native Men's Residence) 230 Coxwell Avenue 14 20 $1,200,000 $877,423 $372,719 8 Norris Crescent Housing Co-operative Inc. 7-9 Norris Crescent 3 33 - $1,715,281 $771,876 9 Reena 155-165 Elm Ridge Drive 8 81 - $3,550,617 $1,919,114 10 The Scott Mission 502-508 Spadina Avenue 11 129 - $5,388,738 $2,344,187 11 St. Jude's Community Homes 393 Dundas Street East 13 12 $1,000,000 $548,105 $261,459 12 St. Stephen's Presbyterian Church 3817 Lawrence Avenue East 24 111 - $5,520,381 $3,113,027 13 Thistledown Residential Inc. 930 Albion Road 5 60 - $1,351,720 $592,328 14 Wigwamen Inc. 525 Markham Road 24 62 $1,240,000 $2,765,721 $1,362,346 15 Wigwamen Inc. 34 Kessack Court 25 2 $130,000 $184,244 $49,117 Subtotals 971 $10,899,200 $42,908,859 $21,857,840 Incentives Total $64, 766 ,699 2. City Council authorize the Executive Director, Housing Secretariat to provide capital funding from the Development Charges Reserve Fund for Subsidized Housing (XR2116), in the amounts and for the developments described in the following Chart C and in an amount not to exceed $100,000 for the purpose of conducting pre-development activities, including addressing issues identified by City staff to facilitate the creation of an additional 124 affordable rental homes through a future Open Door Program application: Organization/Company Name Project Address Ward Proposed Affordable Homes Pre-development Funding Norris Crescent Housing Co-operative Inc. 17-19 Norris Crescent 3 33 $50,000 Reena 155-165 Elm Ridge 8 81 $50,000 Totals 124 $100,000 3. City Council authorize the Executive Director, Housing Secretariat to exempt the developments described in Part 1 above from the payment of development charges, building, planning and parkland dedication fees. 4. City Council authorize an exemption from taxation for municipal and school purposes for the developments and for the periods of time described in the following Chart B: Organization/ Company Name Agreement Term (years) Property Tax City Education City Building Total 1 1953083 Ontario Inc. 99 Annual $25,350 $8,810 $373 $34,533 NPV $799,715 $277,938 $11,761 $1,089,413 2 Brenyon Way Charitable Foundation 50 Annual $132,262 $45,967 $1,945 $180,173 NPV $4,172,438 $1,450,112 $61,360 $5,683,909 3 Community Affordable Housing Solutions (CAHS) 99 Annual $23,060 $8,014 $339 $31,414 NPV $727,490 $252,835 $10,698 $991,024 4 Lifestyle Custom Homes Inc. (LCH) & Community Affordable Housing Solutions (CAHS) 40 Annual $73,551 $25,562 $1,082 $100,196 NPV $1,700,124 $590,871 $25,002 $2,315,996 5 L'Arche Toronto Homes Inc. 99 Annual $1,726 $600 $25 $2,351 NPV $54,448 $18,923 $801 $74,171 6 873815 Ontario Limited (Mahogany Management) 40 Annual $29,127 $10,123 $428 $39,678 NPV $673,263 $233,990 $9,901 $917,154 7 Na Me Res (Native Men's Residence) 40 Annual $11,837 $4,114 $174 $16,125 NPV $273,605 $95,090 $4,024 $372,719 8 Norris Crescent Housing Co-operative Inc. 50 Annual $22,022 $7,654 $324 $29,999 NPV $566,618 $196,925 $8,333 $771,876 9 Reena 99 Annual $44,657 $15,520 $657 $60,834 NPV $1,408,781 $489,615 $20,717 $1,919,114 10 The Scott Mission 50 Annual $66,880 $23,244 $984 $91,108 NPV 1,720,818 $598,063 $25,306 $2,344,187 11 St. Jude's Community Homes 99 Annual $6,084 $2,114 $89 $8,288 NPV $191,932 $66,705 $2,823 $261,459 12 St. Stephen's Presbyterian Church 40 Annual $72,438 $25,176 $1,065 $98,679 NPV 2,285,207 $794,214 $33,606 $3,113,027 13 Thistledown Residential Inc. 40 Annual $39,636 $13,775 $583 $53,994 NPV 916,182 318,415 13,473 1,248,070 14 Wigwamen Inc. (525 Markham Road) 50 Annual $38,868 $13,508 $572 $52,948 NPV $1,000,069 $347,570 $14,707 $1,362,346 15 Wigwamen Inc. (34 Kessack Court) 40 Annual $1,560 $542 $23 $2,125 NPV $36,056 $12,531 $530 $49,117 Totals Annual $589,058 $204,723 $8,663 $802,446 NPV $16,526,745 $5,743,797 $243,042 $22,513,582 5. City Council authorize City staff to cancel or refund any taxes paid after the effective date of the Municipal Housing Facility Agreement (the City's Contribution Agreement). 6. City Council authorize the Executive Director, Housing Secretariat to negotiate and execute, on behalf of the City, a Municipal Housing Facility Agreement (the City's Contribution Agreement) with the developers of the developments described Part 1 above, or related corporations, to secure the financial assistance and to set out the terms of the development and operation of the new affordable rental housing, on terms and conditions satisfactory to the Executive Director, Housing Secretariat, in consultation with the Chief Financial Officer and Treasurer and the General Manager, Shelter, Support and Housing Administration, in a form approved by the City Solicitor. 7. City Council authorize the Executive Director, Housing Secretariat to negotiate and enter into, on behalf of the City, a pre-development agreement with the developers of the proposals described in Part 2 above, or related corporations, to secure the financial assistance, on terms and conditions satisfactory to the Executive Director, Housing Secretariat, in consultation with the Chief Financial Officer and Treasurer and the General Manager, Shelter, Support and Housing Administration, in a form approved by the City Solicitor. 8. City Council authorize severally each of the Executive Director, Housing Secretariat and the General Manager, Shelter, Support and Housing Administration to execute, on behalf of the City, any security or financing documents or any other documents required to facilitate the funding process, including any documents required by the developers of the developments described in Part 1 above, or their related corporations to complete pre-development activities, construction and secure conventional financing, where required, including any postponement, confirmation of status, discharge or consent documents where and when required during the term of the municipal housing facility agreement, as required by normal business practices, and provided that such documents do not give rise to financial obligations on the part of the City that have not been previously approved by City Council. 9. City Council authorize the General Manager, Shelter, Support and Housing Administration, in consultation with the Executive Director, Housing Secretariat, to make any necessary future budget adjustments to accommodate the funds approved in the report (February 16, 2021) from the Executive Director, Housing Secretariat from the Development Charges Reserve Fund for Subsidized Housing. 10. City Council authorize the Executive Director, Housing Secretariat and the Chief Technology Officer to work with the City of Toronto Open Data Team and Open Door Proponents, to ensure all Open Door Program housing information is posted in an appropriate open data format on the City's Open Data Portal including information on each project, including: a. housing site locations; b. original application unit-numbers; c. any changes to original estimated project timelines, if applicable; d. final unit-numbers; and e. current estimated project timelines.