Delivering Affordable Rental Housing at 1113-1117 Dundas Street West

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The decision

2022-05-11 · Toronto City Council · adopted

As filed

City Council on May 11 and 12, 2022, adopted the following: 1. City Council approve the work plan ("Work Plan") as outlined in Attachment 3 to the report (April 25, 2022) from the Executive Director, Housing Secretariat and City Council direct the Executive Director, Housing Secretariat, in consultation with the Chief Executive Officer, CreateTO, the Chief Planner and Executive Director, City Planning, the Executive Director, Environment and Energy, and the Executive Director, Corporate Real Estate Management, to report back with an update to the Planning and Housing Committee by the fourth quarter of 2023.

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2. City Council authorize the 'Mass Timber Affordable Housing Program', as described in the report (April 11, 2022) from the Executive Director, Housing Secretariat and direct the Executive Director, Housing Secretariat, in consultation with the Chief Executive Officer, CreateTO, the Chief Planner and Executive Director, City Planning, the Executive Director, Environment and Energy, and the Executive Director, Corporate Real Estate Management, to report back to the Planning and Housing Committee by the fourth quarter of 2023 on the potential to expand this Pilot Program to include and identify additional City-owned real estate assets. 3. City Council authorize the transfer of $459,745.00, inclusive of the Harmonized Sales Tax and disbursements, from the Section 37 Reserve Fund to the Capital Revolving Reserve Fund for Affordable Housing (XR1058), fully funded from the following developments: a. 324, 326, 328, and 332 Richmond Street West, secured for community facilities, in the amount of $278,198.00 (Source Account: XR3026-3701078); and b. 357-363 King Street West and 62 Peter Street, secured for public housing improvements in the Ward, in the amount of $181,547.00 (Source Account: XR3026-3701039). 4. City Council amend the 2022-2031 Approved Capital Budget and Plan for Housing Secretariat through an increase of $459,745.00 in the project cost and 2022 cash flow for the Rental Development Project (CAF003-03-00), to support the work plan at 1113 and 1117 Dundas Street West fully funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 5. City Council direct the Executive Director, Housing Secretariat to compensate CreateTO for provision of services directly related to implementing the Mass Timber Affordable Housing Program, with payment to be made to CreateTO on a cost-recovery basis from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 6. City Council authorize the City Solicitor to introduce the necessary Bills in City Council to amend Municipal Code Chapter 950, Traffic and Parking to remove 1117 Dundas Street West from the Schedule of Municipal Parking Facilities upon disposition of the site, including by way of a long-term lease.

On the agenda

As the city filed it

The City's HousingTO 2020-2030 Action Plan ("HousingTO Plan") includes a range of key strategic actions across the housing continuum aimed at improving housing outcomes for current and future residents. The HousingTO Plan recognizes that the city's housing challenges are multi-faceted and dynamic, and require a wide range of solutions to be addressed. On July 14, 2021, through Item PH25.20 , City Council directed the

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Executive Director, Housing Secretariat, in consultation with the Executive Director, Corporate Real Estate Management, the Chief Planner and Executive Director, City Planning, and the Chief Executive Officer, CreateTO to report to a future meeting of the Planning and Housing Committee with an update, a work plan, and funding requirements to activate the City-owned site at 1113-1117 Dundas Street West to create new affordable rental housing. This report responds to Council's requests and seeks Council authority to use $459,745.00 in Section 37 funds to support the due diligence and pre-development work necessary to advance the development of 1113-1117 Dundas Street West. A future report to the Planning and Housing Committee in the fourth quarter of 2023 will outline the results of the due dilgence work.

Staff recommended

The Executive Director, Housing Secretariat recommends that: 1. City Council authorize the transfer of $459,745.00, inclusive of the Harmonized Sales Tax and disbursements, from the Section 37 Reserve Fund to the Capital Revolving Reserve Fund for Affordable Housing (XR1058), fully funded from the following developments: a. 324, 326, 328, and 332 Richmond Street West, secured for community facilities, in the amount of $278,198.00 (Source Account: XR3026-3701078); and b.

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357-363 King Street West and 62 Peter Street, secured for public housing improvements in the Ward, in the amount of $181,547.00 (Source Account: XR3026-3701039). 2. City Council amend the Approved 2022-2031 Capital Budget and Plan for Housing Secretariat through an increase of $459,745.00 in the project cost and 2022 cash flow for the Rental Development Project (CAF003-03-00), to support the pre-development work related to 1113 and 1117 Dundas Street West, fully funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 3. City Council direct the Executive Director, Housing Secretariat to compensate CreateTO for provision of services directly related to the development of 1113-1117 Dundas, with payment to be made to CreateTO on a cost-recovery basis from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 4. City Council authorize the City Solicitor to introduce the necessary Bills in City Council to amend City of Toronto Municipal Code Chapter 950, Traffic and Parking to remove 1117 Dundas Street West from the Schedule of Municipal Parking Facilities upon disposition of the site, including by way of a long-term lease.

Considered

2022-04-27 · Planning and Housing Committee · amended
Decision as filed
The Planning and Housing Committee recommends that: 1. City Council approve the work plan ("Work Plan") as outlined in Attachment 3 to the report (April 25, 2022) from the Executive Director, Housing Secretariat, and direct the Executive Director, Housing Secretariat, in consultation with the Chief Executive Officer, CreateTO, Chief Planner and Executive Director, City Planning, the Executive Director, Environment and Energy, and the Executive Director, Corporate Real Estate Management, to report back with an update to Planning and Housing Committee by the fourth quarter of 2023.
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2. City Council authorize the 'Mass Timber Affordable Housing Program', as described in the body of this report, and direct the Executive Director, Housing Secretariat in consultation with the Chief Executive Officer, CreateTO, the Chief Planner and Executive Director, City Planning, the Executive Director, Environment and Energy, and the Executive Director, Corporate Real Estate Management, to report back to the Planning and Housing Committee by the fourth quarter of 2023 on the potential to expand this Pilot Program to include and identify additional City-owned real estate assets. 3. City Council authorize the transfer of $459,745.00, inclusive of the Harmonized Sales Tax and disbursements, from the Section 37 Reserve Fund to the Capital Revolving Reserve Fund for Affordable Housing (XR1058), fully funded from the following developments: a. 324, 326, 328, and 332 Richmond Street West, secured for community facilities, in the amount of $278,198.00 (Source Account: XR3026-3701078); and b. 357-363 King Street West and 62 Peter Street, secured for public housing improvements in the Ward, in the amount of $181,547.00 (Source Account: XR3026-3701039). 4. City Council amend the Approved 2022-2031 Capital Budget and Plan for Housing Secretariat through an increase of $459,745.00 in the project cost and 2022 cash flow for the Rental Development Project (CAF003-03-00), to support the work plan at 1113 and 1117 Dundas Street West fully funded from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 5. City Council direct the Executive Director, Housing Secretariat to compensate CreateTO for provision of services directly related to implementing the Mass Timber Affordable Housing Program, with payment to be made to CreateTO on a cost-recovery basis from the Capital Revolving Reserve Fund for Affordable Housing (XR1058). 6. City Council authorize the City Solicitor to introduce the necessary Bills in City Council to amend City of Toronto Municipal Code Chapter 950, Traffic and Parking to remove 1117 Dundas Street West from the Schedule of Municipal Parking Facilities upon disposition of the site, including by way of a long-term lease.
Clerk’s note
The Executive Director, Housing Secretariat gave a presentation on Delivering Affordable Rental Housing at 1113-1117 Dundas Street West.
2022-05-11 · Toronto City Council · adopted

On the record

The item as the City filed it

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