Toronto will convert a hotel shelter in Chinatown and an empty former seniors’ home in Rosedale into 334 units of supportive housing, the Star has learned — the first two projects the city will pursue with more than $200 million in time-limited funds to create new affordable homes. Officials are expected to announce the projects at 222 Spadina Ave. and 877 Yonge St. on Thursday, leveraging a federal rapid housing initiative that was announced last fall. The deal to obtain the Rosedale site closed on Monday, a municipal source told the Star, and the Chinatown site on Wednesday. Around 250 people will be housed at the 15-storey Rosedale site in studio and one-bedrooms apartments. The Chinatown site, which cost $22.3 million, is expected to house roughly 84 people in studio, one-bedroom and two-bedroom apartments.

Source: thestar April 15, 2021 09:03 UTC