TORONTO, Dec. 2, 2022 /CNW/ – Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, alongside Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and to the Minister of Environment and Climate Change and Member of Parliament for Toronto-Danforth, Mayor John Tory, and Jag Sharma, President and Chief Executive Officer of Toronto Community Housing (TCHC), introduced a mixed funding of roughly $98 million to assist the renewal and renovation of over 750 properties in Toronto.

CMHC Logo (CNW Group/Government of Canada)

CMHC Logo (CNW Group/Government of Canada)

The Government of Canada contributed almost $90.2 million via the National Housing Co-Investment Fund (NHCF), whereas the City of Toronto contributed over $8 million to the undertaking.

This historic land switch and renewal undertaking will present reasonably priced properties for a whole bunch of girls and their households, refugee households, and Indigenous Peoples in each city and suburban neighbourhoods throughout Toronto. The possession and operation of those properties have been transferred to 2 reasonably priced housing non-profits – The Neighborhood Land Trust and Circle Community Land Trust – to enhance tenant companies and make sure that the properties stay reasonably priced and well-maintained for years to return.

The renovation and renewal of the properties will happen over the subsequent 5 years, with completion anticipated by the top of 2027.


“Every Canadian deserves a safe and affordable place to call home. Through the National Housing Co-Investment Fund, our government is investing in affordable housing here in Toronto and across Canada. Today’s announcement will bring positive change to many communities across the city, by providing hundreds of families with the affordable and accessible housing they need to thrive. By investing in affordable housing, we are ensuring that our communities are vibrant and inclusive places where families want to live and grow. This is the National Housing Strategy at work.” – The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion

“This investment from the National Housing Co-Investment Fund is improving the economic and social well-being of hundreds of families across Toronto. Our government is making significant investments, like the one made here today, in housing across Canada to deliver secure and stable homes for those who need them most. This helps makes all our communities better places to live as more families are able to find housing that meets their needs.” – Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and to the Minister of Environment and Climate Change and Member of Parliament for Toronto—Danforth 

“The Tenants First plan is delivering real and meaningful improvements for people in our city who rely on social housing with appropriate and critical supports. The transfer of the standalone homes portfolio as well as the new Toronto Seniors Housing Corporation means that Toronto Community Housing can now fully focus on its core mandate as a social housing landlord. I am thankful for the federal government’s significant five-year investment that will help bring these standalone homes into a state of good repair. As we continue to work with other levels of government and housing partners to develop more affordable housing, we must also ensure the existing housing stock in Toronto remains affordable, and that lower-income residents have healthy, safe housing options. This remains one of my top priorities. I am pleased that this transfer will help protect these standalone homes and bring them to a good state of repair for current and future residents.” – Mayor John Tory, City of Toronto

To maintain its status as a leader on the national and global stage, Toronto’s housing supply must remain affordable for all its residents. This transfer protects these homes for the future benefit of Toronto and brings TCHC closer than ever to the City’s vision for our organization as one that is more service-oriented and tenant-focused.”– Jag Sharma, President and Chief Executive Officer of Toronto Community Housing

“The Neighbourhood Land Trust is honoured to be partnering with the YWCA Toronto, the City and CMHC to improve and steward this important social housing portfolio as permanently affordable housing on behalf of communities across the west end of Toronto. Through the co-investment of CMHC and the City, the Land Trust will be able to implement much needed repairs and sustainability improvements to 81 properties, benefiting 153 Toronto households.” –  Ayal Dinner, Board President, The Neighbourhood Land Trust

“As a Community Land Trust, Circle will keep these homes permanently affordable for today’s tenants, and future generations. And with the significant funding and support from CMHC, we will be able to bring these homes into a state of good repair, and provide sustainability retrofits – resulting in secure, dignified, and environmentally responsible housing for our tenants. These homes are truly irreplaceable, and we are proud to be carrying them into the future. Circle would also like to acknowledge the support of Vancity Community Investment Bank, who funded the acquisition and made the transfer possible.” – Heather Tremain, Board President, Circle Community Land Trust 

Quick information:

  • The National Housing Co-Investment Fund (NHCF) is a program below the National Housing Strategy (NHS) that provides precedence to tasks that assist individuals who want it most, together with ladies and kids fleeing household violence, seniors, Indigenous peoples, individuals dwelling with disabilities, these with psychological well being or dependancy points, veterans, and younger adults.

  • Budget 2022 proposes to advance $2.9 billion in funding below the NHCF to speed up the creation of as much as 4,300 new items and the restore of as much as 17,800 items.

  • The Government of Canada’s National Housing Strategy (NHS) is an formidable, 10-year plan that can make investments over $72 billion to present extra Canadians a spot to name house.

Related hyperlinks:

  • As Canada’s authority on housing, CMHC contributes to the steadiness of the housing market and monetary system, supplies assist for Canadians in housing wants, and provides unbiased housing analysis and recommendation to all ranges of the Canadian authorities, customers and the housing trade. CMHC’s goal is that by 2030, everybody in Canada has a house they’ll afford and that meets their wants. For extra info, please go to or observe us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

  • To discover out extra concerning the National Housing Strategy, go to:

  • Check out the National Housing Strategy Housing Funding Initiatives Map to see reasonably priced housing tasks which have been developed throughout Canada.

Government of Canada Logo (CNW Group/Government of Canada)

Government of Canada Logo (CNW Group/Government of Canada)

SOURCE Government of Canada



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