The Housing Now program, née Open Door, is producing results in Canada's largest city.
"Mayor John Tory’s signature affordable housing plan is moving forward after the city’s realty agency signed off on business cases for four sites," report Jennifer Pagliaro and Emily Mathieu.
"The sites range in size and location, from a plot less than an acre in midtown Toronto to a sprawling eight acres at a site in North York. The other two in Scarborough measure seven and two acres," according to the article.
The four projects are expected to include a total of 989 affordable housing units, averaging out to $189,000 for each unit. The numbers have increased a bit since Planetizen last picked up news about the program earlier this month, when 651 units were progressing toward approval.
The program under discussion here, now called Housing Now instead of the original Open Door, is the centerpiece of Mayor Tory's efforts to deliver on a campaign promise to deliver a total of 40,000 affordable units over the next 12 years.
Through the program, the city provides financial contributions including capital funding and fees and property tax relief, fast-tracked planning approvals, and surplus public land, according to the program website.
FULL STORY: Mayor Tory's affordable housing plan moves forward with four projects across Toronto
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