Affordable Housing in Transit Oriented Communities - Update

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The decision

2023-07-05 · Planning and Housing Committee · received

As filed

The Planning and Housing Committee received the report (May 17, 2023) from the Chief Planner and Executive Director, City Planning, for information.

On the agenda

As the city filed it

This report responds to a request for information on how affordable housing is being secured at Transit Oriented Communities. A number of these projects have been proposed at several Ontario Line stations. To date zoning has been authorized through Minister's Zoning Orders (MZOs) at nine TOC locations. Staff continue to negotiate how the City's interests will be secured from future TOC development partners, notably including the provision of affordable housing.

Show the rest of As the city filed it, 634 more characters as filed

Options under review by the Province include leveraging Inclusionary Zoning, purchasing units through a funding contribution from the Province's TOC proceeds, the potential participation of the City through its Open Door program, and a future buy-back option. In addition, each TOC location is being assessed to determine the cost of affordable units and how many units could be secured under ownership and rental scenarios, and under different terms of affordability. Consolidation of affordable units at certain TOC locations is also under consideration. The Housing Secretariat has been consulted in the preparation of this report.

On the record