Toronto 3933 Keele St (@ Finch, CreateTO / Housing Now, ?s, ?)

[AlbertC]

Future (potential/eventual ?) affordable housing at the SE corner of Keele & Finch:

Toronto’s Housing Now affordable housing plan delayed by COVID-19, planning issues

Fri., June 12, 2020

Mayor John Tory’s signature plan to create affordable housing quickly has run into delays ranging from six months to two years at some sites, according to a city report tabled Friday.

The Housing Now initiative was announced by Tory soon after his election in 2018 and was aimed at getting affordable housing to market in a streamlined way by making 11 city properties available to developers.

Now development of all 11 of those sites is behind schedule, according to an update presented on Friday to CreateTO, the city agency managing Toronto’s real estate portfolio.

Disruptions caused by the COVID-19 pandemic were cited as a source of delay at about half of the sites, but didn’t account for everything.

For example, development of the site at 3933 Keele St., which was to create 190 rental units, half of them affordable, is on hold pending completion of the Finch West LRT.

Toronto’s Housing Now affordable housing plan delayed by COVID-19, planning issues

Development of all 11 sites in Housing Now program is behind schedule by as much as two years.

www.thestar.com

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