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December 7, 2006
City of Toronto seeks bids for 600 new affordable homes
  
The City of Toronto has issued a Request for Proposal (RFP) for 600 new affordable homes for low- and moderate-income individuals and families, as well as mental health clients and victims of domestic abuse.

“This is an important step forward in helping to ease Toronto’s affordable housing shortage,” said Sue Corke, Deputy City Manager responsible for the Affordable Housing Office. “This RFP shows how important investment from the federal and provincial governments is to the provision of affordable housing in Toronto.”

The RFP offers a variety of financial incentives to help proponents reach an affordability goal of 80 per cent of average market rent ($711 monthly for a one-bedroom apartment and $848 for two bedrooms). Incentives include financial support under the current federal-provincial Affordable Housing Program, rent supplements, municipal fee waivers and property tax exemptions and the provision of three City-owned sites.

“We want to attract proposals for housing that is located throughout the city,” said Councillor Giorgio Mammoliti, Chair of the Affordable Housing Committee. “We also are encouraging the private sector to bring its expertise to bear on the provision of affordable housing.”

The Toronto Government is also seeking to provide homes for individuals and families on the social housing waiting list and for 68 persons living with mental illness, 57 victims of domestic abuse and 10 persons with dual mental health diagnoses.

Information sessions for proponents will be held on December 12 at Metro Hall and on December 14 at the North York Civic Centre. The deadline for proposals is January 29, 2007. Council is expected to approve the preferred proponents in the Spring of 2007.

Since 2000, Toronto has approved the creation of 3,600 affordable homes.

The complete RFP is available on the City of Toronto’s website at http://www.toronto.ca/tenders and http://www.toronto.ca/affordablehousing.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of more than 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years Toronto has won more than 50 awards for quality and innovation in delivering public services. Toronto’s government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Gil Hardy, Affordable Housing Office, 416-397-4701
Technical contact: Evan Wood, Affordable Housing Office, 416-392-0060


 

 

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