Advancing the Transformation of Toronto's Housing Delivery

action to improve housing outcomes for residents, in September 2023, City Council adopted Item EX7.2 - "Urgently Building More Affordable Homes" , and directed the Deputy City Manager, Development and Growth Services, among other things, to create a plan, implementation framework and timeline to achieve 25,000 new rent-controlled homes, in addition to the City's previous HousingTO 2020-2030 Action Plan (HousingTO Plan) target of 40,000 affordable rental homes. In November 2023, City Council approved Item EX9.3 - "Generational Transformation of Toronto's Housing System to Urgently Build More Affordable Homes " which set a new housing target of 65,000 rent-controlled homes, including a minimum of 41,000 affordable rental homes and 6,500 rent-geared-to-income (RGI) homes, and 17,500 rent-controlled market homes to be approved by 2030. That report also identified a suite of City actions and initiatives required to meet this target and better address the housing needs of low, moderate- and middle-income households. City Council also requested staff to report back with: an update on the delivery of housing projects on City-owned and City-supported (i.e. non-profit owned) sites, including the five 'Public Developer' sites; an update on the early due diligence work on the 40 potential housing sites referenced in Item EX9.3; and further actions to ensure functional, structural and governance alignment to facilitate the implementation of the City's housing plans and targets. This report responds to Council's requests and provides an update on the City's efforts and actions to advance its ambitious plan to transform Toronto's housing system. In particular, the report includes information on progress made to-date to accelerate the delivery housing projects, including progress on the five Public Developer sites, some of which are expected to start construction by late 2024. The report also articulates the City's two main 'Public Developer' delivery models, being, 1) partnership with non-profit, Indigenous, co-op and private developers to develop sites, and 2) City as project manager working with consultant teams to deliver sites.