Toronto City Council Approves Regent Park Revitalization Plan|
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Toronto City Council today approved Toronto Community Housing's plan to
redevelop the Regent Park community. The plan - unprecedented in Canada in
terms of the size and scope of the redevelopment -
was approved by a vote of 35 to 1.
"I'd like to thank City Council for its strong endorsement of Toronto Community
Housing's vision to redevelop Regent Park," said CEO Derek Ballantyne. "The
people of Regent Park - who were instrumental in the development of this plan -
stand to gain tremendous benefits from revitalization, as do the people of
"I'd like to thank the Board of Toronto Community Housing for its leadership in
supporting a plan that is critically important to the well-being of the City
and all of its citizens. With such strong support from the City, Regent Park
residents, the TCHC board and many community champions, we can
make this happen."
The Regent Park Plan is the result of an ambitious initiative that began more
than a year ago when the TCHC Board asked for a study to determine whether
redevelopment of the entire Regent Park community was feasible.
The study included consultation with 2,000 residents, community agencies and
financial, design and planning experts on ways to revitalize the Regent Park
community by integrating it with the rest of Toronto and ensuring a healthy
living environment for future generations.
The final Regent Park plan outlines how 2,087 rent-geared-to-income units will
be rebuilt in phases over 12-15 years. The result will be a mixed-income,
mixed-use neighbourhood that is reintegrated with surrounding communities. A
total of 4,500 housing units are proposed - including 500 units designated for
affordable ownership - in addition to shops, community services and space for
economic development activities.
Toronto Community Housing is the social housing corporation owned by the City
of Toronto. It provides housing to more than 160,000 residents in communities
across Toronto. Toronto Community Housing is Canada's largest landlord and one
of the largest social housing providers in North America.
To view letter please see: http://files.newswire.ca/298/LetterTCHCBoard.pdf
For further information:
Laurie Stephens, Toronto Community Housing, 416-981-4349; c 416-899-2433,
Marva Jeffers, Toronto Community Housing 416-981-4343