The filed record
Housing Now Financial Portfolio Review
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The decision
2021-09-13 · CreateTO · amended
As filed
The Board of Directors of CreateTO: 1. Authorized the public release of the confidential information contained in Confidential Attachment 1, and Revised Confidential Attachment 1 to the report (April 27, 2021) from the Vice President, Development, CreateTO following completion of execution of the Housing Now Initiative, and at the discretion of the Chief Executive Officer.
On the agenda
As the city filed it
On January 30, 2019, City Council approved a signature affordable housing program, the "Housing Now Initiative," to leverage City-owned land for the purpose of creating new, mixed-use, mixed-income communities near transit. Through the Initiative, 11 properties were initially identified for development, with the potential to create a total of 10,000 new residential units. On May 28, 2020, Council approved the addition of six more sites to the Housing Now Initiative with the potential to create 1,455 to 1,700 additional residential units.
Show the rest of As the city filed it, 295 more characters as filed
The Housing Now Initiative is coordinated through a Steering Committee composed of senior staff from the Housing Secretariat, City Planning and CreateTO. The purpose of this report is to provide the CreateTO Board of Directors with a broad status update on the financial status of the portfolio.
Staff recommended
The Vice President, Development, CreateTO recommends that: 1. The Board of Directors of CreateTO authorize the public release of the confidential information contained in Confidential Attachment following completion of execution of the Housing Now Initiative, and at the discretion of the Chief Executive Officer.
On the record
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