68 new rent-geared-to-income homes for Indigenous to be funded

eAwazLocal News

Toronto – Mayor Olivia Chow and Councillor Paul Ainslie (Scarborough-Guildwood) were joined by John McKay, Member of Parliament for Scarborough-Guildwood, and Crystal Samms, Chair of the Board at Gabriel Dumont Non-Profit Homes, to announce funding for a new affordable housing development to create 68 new rent-geared-to-income (RGI) homes at 4201-4203 Kingston Rd. This announcement is part of the third phase of the federal Rapid Housing Initiative (RHI), a capital funding program that helps create new affordable and supportive rental housing for people experiencing or at risk of homelessness.

These new homes will be built and operated by Gabriel Dumont Non-Profit Homes (GDNP), an Indigenous housing provider. This new, deeply affordable housing has been made possible through a partnership between the City of Toronto, the Government of Canada and GDNP. This project is one example of a systemic shift in Toronto’s housing system that will create more public and non-profit owned and operated homes affordable for Toronto residents.

About homes at 4201-4203 Kingston Rd.

The building will include 68 new homes that will be a mix of one- and two-bedroom apartments and includes amenity spaces for tenants. These homes will be dedicated to Indigenous people who are experiencing or at risk of homelessness and will be offered RGI homes with no tenant paying more than 30 per cent of their income or the shelter allowance of their income support benefit on rent. The site at 4201-4203 Kingston Rd. will advance the City’s plan to meet the ambitious housing goals outlined in a report adopted by City Council called “Generational Transformation of Toronto’s Housing System to Urgently Build More Affordable Homes.”

Investments that made it possible

RHI is delivered by the Canada Mortgage and Housing Corporation under the National Housing Strategy. RHI has been critical in scaling up the supply of supportive homes in Toronto and is one of the key strategies to address Toronto’s homelessness crisis. To date, the City has received almost $440 million in capital grant funding through the RHI Phase 1 and 2 with over 1,000 homes completed or underway.

The 4201-4203 Kingston Rd. project received $28.1 million in capital funding from the federal government. The City has committed $6.29 million in funding and financial incentives including waiving development charges, and planning and building fees and property tax exemptions.

HousingTO 2020-2030 Action Plan:

RHI funding supports the implementation of the City’s HousingTO 2020-2030 Action Plan (HousingTO Action Plan) that targets 65,000 new affordable rental home approvals across the city over 10 years, of which at least 6,500 will be new rent-geared-to-income homes. All orders of government need even stronger action across the full housing continuum in response to the worsening housing and homelessness crisis.

More information on the HousingTO 2020-2030 Action Plan is available on the City’s Website. More information is available on the “Generational Transformation of Toronto’s Housing System to Urgently Build More Affordable Homes” report.

“Everyone needs a safe place to call home. Today’s announcement of federal funding for the development 68 new rent-geared-to-income homes, led by our valued partner Gabriel Dumont Non-Profit Homes, is yet another example of the kinds of investment and partnership required to address Toronto’s housing and homelessness crisis. The new homes here on Kingston Road will make a critical difference in the lives of many Indigenous residents and I’m excited to see the Government of Canada supporting this opportunity to develop more ‘for Indigenous, by Indigenous’ housing.” – Mayor Olivia Chow