Toronto’s ambitious Housing Now drive is stuck in neutral

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The plan to build 40,000 new housing units is stalled, with almost all 11 projects at least a year behind schedule

According to city reports and interviews with several sources familiar with the process, the re-zonings on the first four sites, collectively representing almost 3,000 housing units, were approved even before the pandemic began. On the first three, the requests for proposals process wrapped up over a year ago, with a robust response, sources say. On the fourth, an 18-storey half market/half affordable rental building on Merton Street, the RFP closed last week.

, an advocacy group that has tracks the process, “it will be 1,000 days since the mayor announced the Housing Now sites. As of now, we’ve not got shovels in the ground on any of them.”published in July noted that the delays on the first 11 sites – encompassing 10,826 units, 36 per cent of which are considered affordable – ranged from nine to 24 months, with not a single project even remotely on schedule.

Currently a parking lot for transit commuters, this property at 50 Wilson Heights Blvd., in Toronto, is slated to become a housing development.The irony of the logjam is that the four sets of players in this process – developers, non-profit housing providers, the City and the federal government – are in full agreement about the problem, and all sides seem willing to commit substantial resources to solving it. Says Ms. Bond, “I’ve never seen this degree of collaboration.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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Perhaps if politicians in this city like anabailaoTO and JohnTory engaged in real consultations with local stakeholders, didn't ram these projects through under the false pretences, and had real management plans in place, they'd have community support.

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