City of Toronto staff are urging council to pump $351 million into affordable housing projects to unlock construction on 6,000 new homes for low-income tenants and young, middle-class families.
“We’ve had so many affordable housing projects stuck with high interest rates and rising construction costs,” Abi Bond, executive director, Housing Secretariat, told the Star after city staff presented its ambitious new rental housing plan to media on Thursday. “This is real money supporting real homes to be in construction and completed.”
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