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Ontario Supporting New Affordable Housing Development

Posted in Talking Politics

Published on November 04, 2017 with No Comments

Unlocking Surplus Provincial Land to Create Mixed-Income Homes in Toronto

Ontario is transforming surplus provincial land into a new residential community with plans to build hundreds of mixed-income homes in Toronto’s Thistletown neighbourhood — giving more people access to a safe, affordable home.

Premier Kathleen Wynne was joined by Mayor John Tory at the Grosvenor Street YMCA to announce that the land will be made available for development and the plan to launch the process to secure a developer. The provincially owned site at Kipling and Finch avenues will become home to a new mixed-income community with a mix of affordable housing for rent or sale, as well as housing for sale at market rates. The rest of the site will be protected as green space for future residents to enjoy. The new community will be fully accessible by transit, and the Thistletown development will also be convenient to the Finch West LRT, slated to open in 2022.

As part of Ontario’s Fair Housing Plan, the government is leveraging the value of surplus provincial land across Ontario to develop new housing units for individuals, families and seniors, starting with sites in Toronto. Up to 35 per cent of the units will be dedicated to various types of much-needed affordable housing. Developing these sites will increase the housing supply and pave the way to create flourishing mixed-income communities in areas close to transit and employment.

 

 

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