It also highlights tensions between the city and housing agency over those plans, which have been delayed for months and reveals concerns Toronto Community Housing officials and tenants have not been properly consulted. An internal memo from the ousted Toronto Community Housing boss to city staff warns of the risk of hundreds of millions of dollars in costs, financial losses and a lack of information with the developing plans to remake the corporation. More than 20 pages of the memo forwarded to the city were censored by Toronto Community Housing, an agency of the city, before being released to the Star. In fact, transferring the seniors’ units elsewhere would put TCH in a “worse financial position” by about $22 million annually, Spearn said. Brown said the city has requested information from TCH, including “comprehensive financial, capital, operating, and asset information and a review of their processes and procedures.”

Source: thestar June 01, 2017 11:02 UTC