Open Door Program 2021 Call for Applications Results: Supporting 919 Affordable Rental and Supportive Homes

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 Chart C below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat and in an amount not to exceed $300,000 for the purpose of conducting pre-development activities including addressing issues identified by City staff to facilitate the creation of affordable rental homes through a future Open Door Affordable Rental Housing Program application. 3. City Council authorize the affordable rental homes located within the developments described in rows 4 to 17 of Chart A and all of Chart D below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat to be eligible for waivers of fees for planning application, building permit, parkland dedication and development charges exemptions, unless already paid. 4. City Council authorize an exemption from taxation for municipal and school purposes under the terms of the Open Door Affordable Rental Housing Program for the affordable rental homes located within the developments and for the periods of time described in rows 3 to 17 of Chart B and all of Chart E below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and the Executive Director, City Planning and the Executive Director, Housing Secretariat. 5. City Council authorize the Controller to cancel or refund any taxes paid after the effective date of the exemption from taxation for municipal and school purposes as set out in the applicable 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"), or amendments to existing Contribution Agreements, where applicable, with the appropriate legal entities for the developments listed in Chart A and D below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat, or related entities, 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, 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 appropriate legal entities for the developments listed in Chart C below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat, or related entities, 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, in a form approved by the City Solicitor. 8. City Council authorize the Executive Director, Housing Secretariat, on behalf of the City, to execute 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 Chart A and D below from the Financial Impact section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat, 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 Executive Director, Housing Secretariat, to make any necessary future budget adjustments to accommodate the funds approved in the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat from the Development Charges Reserve Fund for Subsidized Housing (XR2116). 10. City Council authorize the transfer of $3,600,000 from the under listed Section 37 (Planning Act Reserve Fund) community benefits collected accounts to the Capital Revolving Reserve Fund for Affordable Housing (XR1058), for the purpose of creating new affordable rental housing at 938-950 King Street West: a. 220 and 234 Simcoe Street and 121 St. Patrick Street, secured for the provision of new affordable housing in Ward 10, in the amount of $317,278.99 (XR3026-3701129); b. 23 Spadina Avenue, secured for the provision of new affordable housing in Ward 10, in the amount of $796,105.25 (XR3026- 3701140); c. 99 Blue Jays Way secured for the provision of new affordable housing units and community services and facilities in Ward 10, in the amount of $678,947.37 (XR3028-4500234); d. 102 -118 Peter Street and 350-354 Adelaide Street West, secured for Toronto Community Housing Corporation repairs but given the funds have not been used for the intended purpose within three (3) years of the by-law coming into full force and effect, the by-law permits the cash contribution to be redirected for the provision of new affordable housing, in the amount of $353,346.49 (XR3026-3701121); e. 156-174 Front Street West and 43-51 Simcoe Street, secured for Toronto Community Housing Corporation facilities but given the funds have not been used for the intended purpose within three (3) years of the by-law coming into full force and effect, the by-law permits the cash contribution to be redirected for the provision of new affordable housing, in the amount of $477,656.23 (XR3026-3701063); f. 40-58 Widmer Street, secured for capital repairs to Toronto Community Housing Corporation facilities but given the funds have not been used for the intended purpose within three (3) years of the by-law coming into full force and effect, the by-law permits the cash contribution to be redirected for the provision of new affordable housing, in the amount of $175,190.16 (XR3026- 3701106); and g. 165 East Liberty Street, secured for community service and/or facilities, in the amount of $801,475,517 (XR3026-3701057). 11. City Council recognize the Open Door application for the Learning Enrichment Foundation's mixed use, mixed income affordable rental housing development at 1240, 1246 and 1250 Weston Road as supporting the affordable housing objectives of the Picture Mount Dennis Planning Framework Study and the City's broader social and economic priorities. 12. City Council request the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat to prioritize the review of the Learning Enrichment Foundation development application, when received, and subject to Learning Enrichment Foundation submitting a complete planning application that also meets the City's Open Door program requirements, co-ordinate reporting to the same meeting of City Council for both the development application and the Open Door incentives. 13. City Council authorize the Executive Director, Housing Secretariat to support any applications made by Learning Enrichment Foundation for federal and provincial funding and financing, recognizing that the forthcoming Learning Enrichment Foundation development application would contribute to new affordable housing and non-residential space with public benefits to the Mount Dennis community. 14. City Council request the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat and other appropriate staff to have all Open Door projects listed on the City of Toronto Open Data Portal, with regular updates as projects are approved. Charts A, as amended, B, C, D and E in the Financial Impact Section of the report (April 8, 2022) from the Chief Planner and Executive Director, City Planning and the Executive Director, Housing Secretariat. Chart A: Summary of Financial Details for Recommended Developments Organization/ Company Name Project Address Ward Affordable Homes Capital Funding Proposed Estimated Fees and Charges Exemptions Estimated Net Present Value of Property Tax Exemption 1 Thunder Woman Healing Lodge Society (incentives approved 2019) 2217 Kingston Road 20 24 $2,000,000 - - 2 The Scott Mission (incentives approved 2021) 502-508 Spadina Avenue 11 109 $3,270,000 - - 3 950 King Street West Holdings Inc. (partial incentives approved 2021) 938-950 King Street West and 95-99 Strachan Avenue 10 13 $3,600,000 Section 37 Funds $151,868 $488,133 4 Operation Springboard 976 College Street 9 10 $350,000 $483,066 $188,956 5 Gabriel Dumont Non-Profit Homes (Metro Toronto) Inc. 4201 and 4203 Kingston Road 24 19 $950,000 $1,036,933 $455,500 6 Jean Tweed Treatment Centre 455 Palmerston Boulevard 11 8 $480,000 $402,949 $151,165 7 Houselink and Mainstay Community Housing 140 the Queensway 3 34 $1,700,000 $2,219,379 $1,034,996 8 Brenyon Way Charitable Foundation 25 Sewells Road Phase 2 25 117 $1,299,900 $6,071,153 $3,919,043 9 The Yonge Street Mission 306-310 Gerrard Street East 13 96 - $5,216,513 $2,382,635 10 St. Christopher House (operating as West Neighbourhood House) 248 Ossington Avenue 9 76 - $4,107,391 $2,548,648 11 Parkdale Queen West Community Health Centre 1229 Queen Street West 4 56 - $2,521,481 $1,682,952 12 Good Shepherd Refuge Social Ministries 1731 Lawrence Avenue East 21 76 - $3,734,504 $2,258,890 13 WoodGreen Community Housing Inc. 835-841 Queen Street East 14 96 - $6,158,670 $2,842,531 14 YMCA of Greater Toronto 7 Vanauley Street 10 31 - $1,393,559 $799,446 15 TAS 299CA Corp. and 6965083 Canada Inc. 299 Campbell Avenue 9 10 - $573,591 $232,084 16 OMERS Realty Holdings (STC Two) Inc. and ARI STC GP Inc./ARI STC Investments LP 25 Borough Drive 21 64 - $3,366,986 $1,559,527 17 30 Gilder GP Inc. 30 Gilder Drive 21 58 - $3,258,883 $1,436,374 Total 919 $10,049,900 DCRF + $3,600,000 Section 37 $42,268,336 $22,710,960 Total City Investments $13,649,900 in capital funding $64,979,295 in Open Door Incentives Chart B: Annual and Net Present Value of Property Taxes for Recommended Projects Organization/ Company Name Affordability Period (years) Property Tax City Education City Building Total 1 Thunder Woman Healing Lodge Society 99 Previously approved by Council through the 2019 Open Door Call for Applications 2 The Scott Mission 50 Previously approved by Council through the 2020 Open Door Call for Applications 3 950 King Street West Holdings Inc.* 50 Annual $23,594 $7,646 $343 $31,584 NPV $364,633 $118,184 $5,316 $488,133 4 Operation Springboard 40 Annual $6,106 $1,979 $89 $8,174 NPV $141,150 $45,749 $2,058 $188,956 5 Gabriel Dumont Non-Profit Homes (Metro Toronto) Inc. 40 Annual $14,720 $4,771 $215 $19,706 NPV $340,257 $110,283 $4,960 $455,500 6 Jean Tweed Treatment Centre 40 Annual $4,885 $1,583 $71 $6,540 NPV $112,920 $36,599 $1,646 $151,165 7 Houselink and Mainstay Community Housing 99 Annual $24,508 $7,943 $357 $32,808 NPV $773,138 $250,587 $11,270 $1,034,996 8 Brenyon Way Charitable Foundation 99 Annual $92,799 $30,078 $1,353 $124,229 NPV $2,927,513 $948,856 $42,674 $3,919,043 9 The Yonge Street Mission 40 Annual $76,999 $24,957 $1,122 $103,078 NPV $1,779,821 $576,870 $25,944 $2,382,635 10 The St. Christopher House (operating as West Neighbourhood House) 99 Annual $60,349 $19,560 $880 $80,789 NPV $1,903,832 $617,064 $27,752 $2,548,648 11 Parkdale Queen West Community Health Centre 99 Annual $39,851 $12,916 $581 $53,348 NPV $1,257,160 $407,467 $18,325 $1,682,952 12 Good Shepherd Refuge Social Ministries 99 Annual $53,488 $17,336 $780 $71,604 NPV $1,687,384 $546,909 $24,597 $2,258,890 13 WoodGreen Community Housing Inc. 50 Annual $82,526 $26,748 $1,203 $110,476 NPV $2,123,362 $688,217 $30,952 $2,842,531 14 YMCA of Greater Toronto 99 Annual $18,930 $6,136 $276 $25,342 NPV $597,184 $193,557 $8,705 $799,446 15 TAS 299CA Corp. and 6965083 Canada Inc. 40 Annual $7,500 $2,431 $109 $10,041 NPV $173,366 $56,191 $2,527 $232,084 16 OMERS Realty Holdings (STC Two) Inc., ARI STC GP Inc./ARI STC Investments LP 40 Annual $50,399 $16,335 $735 $67,469 NPV $1,164,962 $377,584 $16,980 $1,559,526 17 30 Gilder GP Inc. 40 Annual $46,419 $15,045 $677 $62,141 NPV $1,072,967 $347,767 $15,640 $1,436,374 Totals Annual $626,667 $203,112 $9,135 $838,914 NPV $16,965,016 $5,498,647 $247,297 $22,710,960 Chart C: Projects Recommended for Pre-Development Funding Organization Name Project Address Proposed Affordable Homes Pre-development Funding The Yonge Street Mission 306-310 Gerrard Street East 96 $50,000 Parkdale Queen West Community Health Centre 1229 Queen Street West 56 $50,000 The St. Christopher House (operating as West Neighbourhood House) 248 Ossington Avenue 76 $50,000 Good Shepherd Refuge Social Ministries 1731 Lawrence Avenue East 76 $50,000 The Learning Enrichment Foundation 1240, 1246, 1250 Weston Road 132 $50,000 East Scarborough Boys and Girls Club 62 Orchard Park Drive 47 $50,000 Total 483 $300,000 Chart D: Summary of Financial Details for 155-165 Elm Ridge Road Organization/ Company Name Project Address Ward Affordable Homes Capital Funding Recom-mended Estimated Fees and Charges Exemptions Estimated Net Present Value of Property Tax Exemption Reena 155-165 Elm Ridge Road 8 25 - $1,686,086 $990,302 Chart E: Annual and Net Present Value for 155-165 Elm Ridge Road Organization/ Company Name Agreement Term (yrs) Property Tax City Education City Building Total Reena 40 Annual $23,449 $7,600 $342 $32,391 NPV $739,753 $239,766 $10,783 $990,302