Infrastructure Cost Sharing - Regent Park Phase 4

This agreement will formalize the City's financial commitment to support the delivery of infrastructure components necessary for the advancement of Phase 4 of the Regent Park revitalization including roads, servicing, and other public realm improvements. Regent Park Revitalization Toronto Community Housing Corporation is undertaking a five-phased revitalization of Regent Park, transforming the community into a mixed-use, mixed-income neighbourhood. In 2023, City Council approved a Zoning By-law Amendment for Phases 4 and 5 of the Regent Park Revitalization to permit increased density and additional uses. The approved Zoning By-law Amendment identified five new Toronto Community Housing Corporation buildings with 633 rent geared income units and up to 637 affordable rental units and six market buildings with 1,900 condominiums, along with four future public roads. The subdivision approval process for Phase 4 is now underway with all relevant consultants hired and the first two development approval submissions to City of Toronto completed. Toronto Community Housing Corporation submitted building permit applications in March 2025 for the first building within Phase 4 that will be developed. Phase 4 started construction in Fall 2025, with substantial completion targeted in Spring 2030. In 2008, City Council adopted the 2009 Capital Budget which included a 60/40 cost sharing arrangement for the delivery of hard infrastructure within Phases 1-3 of the Regent Park redevelopment area. Council carried this forward in subsequent Capital Plans for 2010-2018 and 2018-2024. These Capital Plans included funding within relevant City divisions' budgets for identified infrastructure and community facilities for the full redevelopment of Phases 1-3 of Regent Park. This report seeks authority for Toronto Water and Transportation Services to include infrastructure costs, inclusive of both soft and hard costs, for Phase 4 in their 2026-2035 Capital Budget and Plans. In addition to this, this report seeks authority for the City and Toronto Community Housing Corporation to enter into an agreement for reimbursement of infrastructure costs for Phase 4 of the Regent Park Revitalization on the terms set out in Attachment 2.

3. City Council authorize the Executive Director, Housing Development Office, in consultation with the General Manager of Toronto Water and the General Manager of Transportation Services, to enter into an agreement with Toronto Community Housing Corporation (TCHC) to reimburse eligible infrastructure costs incurred by Toronto Community Housing Corporation for Phase 4 of the Regent Park revitalization project, substantially on the terms identified in Attachment 2 to the report from the Executive Director, Housing Development Office and such other terms and conditions deemed appropriate by the Executive Director, Housing Development Office, and in a form satisfactory to the City Solicitor, using funds to be allocated in the 2026-2035 Capital Budget and Plan for Toronto Water and Transportation Services as per Recommendation 1 of this report. 4. City Council direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, until such time as the infrastructure work contemplated in this report has been completed.