TORONTO, Oct. 10 /CNW/ - Toronto Community Housing CEO - Derek
Ballantyne, is available for commentary on creative solutions to address the
inherited capital repair backlog in social housing - causing more than 500,000
low-income households across Ontario to live in substandard homes.
Toronto Community Housing alone has an inherited capital repair backlog
of $300 million dollars and has invested more than $500 million dollars in
capital, with the City of Toronto, since 2002.
Coupled with the need to create a mix of non-profit and co-op housing for
the 124,000 Ontario households on the waiting list for decent, affordable
homes - the condition of the aging stock surfaced as an issue during the
election campaign resulting in commitments from the three main parties.
Toronto Community Housing is ready and willing to work with the newly
elected government on solutions.
Toronto Community Housing is Canada's largest landlord and the second
largest social housing provider in North America. It is home to 164,000 low
and moderate-income tenants - about six per cent of Toronto's population.
These families, seniors, refugees, recent immigrants and people with special
needs live in 58,000 households in communities throughout Toronto. Formed in
2002, Toronto Community Housing is the not-for profit Ontario Business
Corporation owned by the City of Toronto. www.torontohousing.ca
For further information:
For further information: Media Contact: Kristin Jenkins, VP,
Communications & Public Affairs, Toronto Community Housing, (416) 981-4340,
cell: (416) 471-1366, email@example.com; Cynthia Ross, Toronto
Community Housing, Director, Strategic Initiatives,
firstname.lastname@example.org, Phone: (416) 981-4348, Cell: (416) 882-3731,