Re-opening and Amending Item 2025.TE22.3 - 72 Perth Avenue - Zoning By-law Amendment Application - Decision Report - Approval - by Councillor Alejandra Bravo, seconded by Councillor Gord Perks

The terms included a requirement for the in-kind contribution to have a total of three studio units, five one-bedroom units, four two-bedroom units, and one three-bedroom unit (the "affordable rental housing units"). The applicant would like to revise the unit mix requirement for the in-kind contribution to have a total of eight one-bedroom units, four two-bedroom units, and one three-bedroom unit. This motion will enable the provision of more accessible units that require a larger unit type to accommodate more functional and spacious living arrangements. City Planning and Housing Secretariat staff support the proposed amendments to the unit mix terms. The additional height and density contemplated was noted by the applicant as being required to deliver a rental housing development under a rental housing program supported by the Canada Mortgage and Housing Corporation. The proposed unit mix is in alignment with the goals of the Canada Mortgage and Housing Corporation program and affordable housing commitments under the City of Toronto's Rental Housing Supply Program programs - Purpose-built Rental Housing Incentives Stream and Capital Funding Stream. The value to the in-kind contribution with the revised unit mix remains equal to 100 percent of four percent of the value of the land (net of any exclusions or exemptions authorized under the Community Benefits Charge By-law). Requires Re-opening: Toronto and East York Community Council Item 2025.TE22.3 (May 21 and 22, 2025, City Council meeting) only as it pertains to Part 3.

the in-kind contribution shall have a total of three (3) studio units, five (5) one-bedroom units, four (4) two-bedroom units, and one (1) three-bedroom unit (the "affordable rental housing units"); and replacing it with the following new Part 3.a.: a. the in-kind contribution shall have a total of eight (8) one-bedroom units, four (4) two-bedroom units, and one (1) three-bedroom unit (the "affordable rental housing units"), with any changes to the satisfaction of the Chief Planner and Executive Director, City Planning;