It’s the Toronto affordable housing lottery, one of the only ways to get a reasonably priced downtown apartment in a city with skyrocketing rents. In reach of someone on a modest income and set at or below average market rent. “In this case there was tremendous interest,” said Gauvin, adding one-bedroom units were the most popular and staff started making calls to the winners recently. The TCHC currently has 600 affordable units, and the Regent Park redevelopment will add 400-plus (including the 59), Gauvin said. She said in an email that the random draw will “certainly be one of the models used to allocate affordable housing units as they come on-stream.” New York City is already doing lots of affordable housing lotteries.

Source: thestar March 19, 2018 01:41 UTC