Authorization to Terminate the 1992 Social Housing Agreement for 285-291 Jarvis Street Between the City of Toronto and Toronto Community Housing Corporation - by Councillor Chris Moise, seconded by Councillor Gord Perks

The transfer to Homes First is scheduled for September 2025. As part of due diligence for this transfer, it was identified that a 1992 Social Housing Agreement between the City and Toronto Community Housing Corporation remains on title. This agreement, established under the City of Toronto Act, 1988 (No. 2), is now outdated and inconsistent with Council's direction in Item 2020.EX17.2 , which called for the development of modernized operating agreements for the Toronto Community Housing Corporation agency house transfers through Tenants First that preserve long-term affordability and align with the current legislative framework under the Housing Services Act, 2011. The 1992 agreement needs to be formally terminated and discharged and replaced by an agreement that satisfies the directions of City Council. This motion is urgent as it enables the Housing Secretariat to remove the outdated agreement and register a new, modernized Social Housing Agreement with Homes First at the time the transfer closes between Toronto Community Housing Corporation and Homes First. The updated agreement will align with current legal and housing program frameworks, and advance the objectives of the Tenants First initiatives by ensuring the property remains affordable housing in perpetuity.

Secretariat, to execute and register a new Social Housing Agreement with Homes First Society in accordance with Council's direction in Part 18 of Item 2020.EX17.2 effective the date that 285-291 Jarvis Street is transferred to Homes First Society.