TORONTO, Jan. 30, 2018 /CNW/ - Toronto Community Housing (TCHC) and the City of Toronto are pleased to announce that one-, two-, and three-bedroom affordable rental housing units in Regent Park will be ready for occupancy in 2018. This includes 47 affordable rental units in 50 Regent Park Blvd., which will be available in the spring, and 12 affordable rental units in 21 Tubman Ave., which will be available in summer 2018.
TCHC is creating an affordable rental unit applicant list for the two buildings. Affordable units differ from rent-geared-to-income (RGI) units and, as a result, there is a separate application process. Rents for affordable units are set at or below the average market rent as determined by the Canada Mortgage and Housing Corporation (CMHC). To be eligible, a household's annual gross income cannot exceed four times the annual rent of the unit.
TCHC has begun accepting applications for the affordable applicant list today. The application deadline is Wednesday, February 28 at 4:30 p.m. eastern standard time.
TCHC's system to allocate the affordable rental units, which will be overseen by the City of Toronto, gives every eligible household on the applicant list an equal chance to rent a unit.
"Adding new rental units at Regent Park supports the City's efforts to keep Toronto affordable and increase the supply of affordable housing. This world-renowned revitalization project has helped to bring our city together, providing housing alternatives that make Toronto one of the most livable and dynamic city centres in the world."
—Mayor John Tory
"At Regent Park, we are working with Toronto Community Housing and the private sector to add even more affordable housing options right downtown. I look forward to seeing many Toronto families and individuals explore this opportunity to access quality affordable housing in the heart of our city."
—Deputy Mayor Ana Bailão
"One of the key objectives of the Regent Park Revitalization is building a truly inclusive mixed-income community. The provision of new affordable rental units within Toronto Community Housing buildings is an exciting step towards achieving that goal within Regent Park while also increasing the availability of affordable housing options in downtown Toronto."
—Ward 28 Councillor Lucy Troisi
"We are pleased to offer 59 affordable rental units in two new Regent Park buildings as part of our commitment to build clean, safe homes while helping to create vibrant communities where people can thrive. I would like to acknowledge the contribution of our development partner, Daniels Corporation, for working in partnership with us to create this award-winning community."
—Kathy Milsom, President and Chief Executive Officer
- Backgrounder: Are you eligible for affordable housing?
- For information on how to apply: www.torontohousing.ca/RPApplicantList
About the City of Toronto
Toronto is Canada's largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It is a global centre for business, finance, arts and culture and is consistently ranked one of the world's most livable cities. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can visit http://www.toronto.ca, call 311, 24 hours a day, 7 days a week, or follow us on Twitter at http://www.twitter.com/TorontoComms, on Instagram at http://www.instagram.com/cityofto or on Facebook at http://www.facebook.com/cityofto.
About Toronto Community Housing
Toronto Community Housing (www.torontohousing.ca) is Canada's largest provider of social housing, with nearly 60,000 low and moderate income households. Toronto Community Housing is working with the City of Toronto and private development partners to replace or refurbish more than 5,000 homes in some of the oldest public housing developments across Toronto through its $5 billion community revitalization program.
SOURCE Toronto Community Housing Corporation
For further information: TCHC media contact: Media line: 416-737-1352, [email protected]; City of Toronto media contact: Patricia Anderson, Manager, Partnership Development, Shelter, Support and Housing Administration, City of Toronto, 416-397-4328, [email protected]