The Province of Ontario’s investment of $300 million over four years towards Toronto’s social housing repair needs is a meaningful down payment towards the Provincial portion of Toronto Community Housing’s $2.6 million capital repair plan.
“This investment is an important step forward for the Province in recognizing their key role in funding the repair and revitalization of social housing in Toronto”, said Toronto’s Housing Advocate, Councillor Ana Bailão. “I welcome the Province’s efforts to step-up and be part of the solution to the repair crisis in social housing. I look forward to working with Minister Milczyn in ensuring this program provides the necessary flexibility to directly respond to Toronto Community Housing’s urgent repair needs.”
This funding builds on the $1 billion in capital repairs that the City of Toronto has already invested in TCH since 2013, completing almost 50,000 capital repair projects during this period.
Last month, City Council also unanimously passed Phase 1 of the Tenants First Implementation Plan which will create a new Seniors Housing and Services entity, a new funding model and enable the creation of stronger partnerships with the public and not-for-profit sectors to better provide services and support for all TCHC tenants.
“I would like to thank Minister Milczyn for his efforts to secure this new funding which provides a new foundation for the working relationship on housing between the City and Province”, said Councillor Bailão. “Recognizing this important step forward, I look forward to continuing to work with the Minister to build on today’s announcement as we look to secure additional resources to tackle the Provincial portion of TCH’s capital repair backlog.”
“With the development of the National Housing Strategy, this is an important time for all three orders of government to work together to ensure that every Torontonian has a decent, clean, safe and affordable place to live.”