Approval of the Allocation of Canada-Ontario Community Housing Initiative Funding for Affordable Housing at 128 Havelock Street - by Councillor Alejandra Bravo, seconded by Councillor Paula Fletcher

Neighbourhood Land Trust has partnered with Young Women's Christian Association Toronto as the social housing operator for this property, to offer 100 percent of the units to households led by women or gender diverse individuals, selected through the City of Toronto's waiting list for subsidized housing. Neighbourhood Land Trust has worked with City staff to develop a construction project that proposes redeveloping 128 Havelock Street from a 5-room house to a property offering 10 new self-contained residential units of deeply affordable rental housing. This will be accomplished through a major retrofit of the existing building and the new construction of a large back addition. The Canada-Ontario Community Housing Initiative is a federally/provincially funded program designed to address local housing priorities, including renovation and/or rehabilitation of community housing units. In 2023, City staff approved the allocation of $3,150,000 for this project through the Repair stream of Canada-Ontario Community Housing Initiative for Year 5 of this funding program. Due to its extensive scope of work and the creation of net new units, City staff are recommending that the project be moved into the New Build stream. The New Build stream requires City Council approval. Approving this project will advance the City's commitment to urgently building more affordable homes in the City. There is no net financial impact to the City based on these recommendations.

authorize the Executive Director, Housing Secretariat to utilize and spend $3,150,000 (net $0) funding from the New Build stream of the Canada-Ontario Community Housing Initiative program and allocate that amount to Neighbourhood Land Trust for redevelopment of 128 Havelock Street.