Council unanimously approved using 11 city-owned surplus lands to try to build new affordable housing on Thursday. It’s unclear how the city plans to achieve Mayor John Tory’s promise of creating 40,000 new affordable housing units over 12 years. Currently, the city’s definition of affordable housing is still 100 per cent of average market rent. Tory and the city have dubbed the new program involving surplus lands “Housing Now” but it doesn’t appear to actually be a new program. Article Continued BelowOpen Door also uses other incentives, like a break on development fees, to encourage builders to create affordable units.

Source: thestar December 13, 2018 18:23 UTC