Mayor John Tory’s campaign promise of building 40,000 new affordable homes over the next decade will now rely on other levels of government to complete half of those units, a new city housing action plan reveals. The 10-year Housing Opportunities Toronto, or HOT, plan outlines development targets, deadlines and commitments required by council to create and maintain affordable housing across the city. The report also fails to outline a funding plan, promising further details through the 2020 budget process. Housing Now built on the existing Open Door program, which was approved in 2015 and has seen 7,752 affordable units approved. While the city approved just over 10,000 new affordable units in the last decade, only half will be completed by the end of 2019.

Source: thestar December 03, 2019 18:33 UTC