Allocation of Section 45 Funding for Twenty-One New Affordable Homes at 316-336 Campbell Avenue - by Councillor Ana Bailão, seconded by Councillor Paula Fletcher

The affordable rental homes will also be supported financially by a Section 37 community benefit contribution and incentives from the City's Open Door Program, as addressed by Item 2022.TE34.17, 316-336 Campbell Avenue - Official Plan, Zoning By-law Amendment and Rental Demolition Applications - Final Report.

2. City Council authorize the Executive Director, Housing Secretariat to provide $1,200,000 inclusive of Harmonized Sales Tax and disbursements, from the Capital Revolving Reserve Fund for Affordable Housing (XR1058) with such amount to be fully funded from Section 45 funds received by the City for affordable housing purposes, from the development at 1245 Dupont Street (XR3028), under the terms of the municipal housing facility agreement with Campont Developments Limited (or a related corporation) and/or Community Affordable Housing Solutions (or a related corporation), or a non-profit housing provider approved by the Executive Director, Housing Secretariat, at their sole discretion, for the development of twenty-one (21) new affordable rental dwelling units at 316-336 Campbell Avenue, to secure the financial assistance being provided and set out the terms of the operation of the new affordable rental dwelling units, on terms and conditions acceptable to the Executive Director, Housing Secretariat, in a form satisfactory to the City Solicitor. 3. City Council increase the 2023 Operating Budget for the Housing Secretariat by $1,200,000 gross subject to the receipt of funds.