Ontario Funding Social Housing Repairs and Retrofits in Toronto
Province Investing More Than $600 Million in Affordable Housing Across the City
Ontario is investing more than $600 million dollars over the next three years in affordable and sustainable housing in Toronto, including millions more for repairs and retrofits to social housing buildings.
Housing Minister Chris Ballard was at 26 Grenville Street — provincial land that will be unlocked to build new affordable rental units — to highlight investments that the province is making.
In 2016-17, Ontario is contributing $42.9 million to the City of Toronto for repairs and retrofits to 26 social housing buildings, with all funds committed by March 31, 2017 and repairs to be completed by March 31, 2018. This investment will allow for the installation of energy-efficient boilers, windows, and lighting as well as the insulation of outer walls and mechanical systems.
These investments are part of Ontario's Social Housing Apartment Retrofit Program (SHARP). The program is part of Ontario's plan to fight climate change by investing proceeds from its carbon market into actions that help households and businesses reduce greenhouse gas emissions and save money on energy costs.
Over the next three years, the city will receive more than $130 million in additional funding for social housing repairs through the program.
The province is also:
- Investing $340 million over the next three years for homelessness prevention to help Toronto's most vulnerable residents
- Investing $130 million over the next three years to build and expand affordable housing options for people in Toronto
- As part of Ontario's Fair Housing Plan, unlocking provincial land worth up to $100 million to build new affordable rental units in the city, with pilots at 27 Grosvenor Street and 26 Grenville Street in Toronto.
Ensuring everyone in Ontario has a safe and affordable place to call home is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Over the next three years, Ontario will invest $2 billion dollars in affordable and sustainable housing across the province.
- Leveraging surplus provincial lands builds on an agreement reached previously with the City of Toronto to ensure a minimum of 20 per cent of residential units within the West Don Lands are available for affordable rental, with an additional 5 per cent of units for affordable ownership. The West Don Lands is one of the sites in Toronto being considered for the pilot.
- By establishing a program to dispose of surplus provincial land sites at below market value, the province will create a mechanism to leverage new, permanent, sustainable, and affordable housing units as part of the development of those lands. The province will work with municipalities, the housing sector, and other interested parties to confirm the pilot sites and final program design.
- A 2012 Deutsche Bank study [PDF] found that every $1 million invested in energy efficiency-related retrofits in multi-family affordable housing buildings generated between $1.3 million and $3.9 million in energy savings, improving both the sustainability of those buildings and the quality of life of their residents.
“We’re delivering efficient, people-centred housing programs to reduce wait-lists and help Ontario’s most vulnerable gain access to stable housing. Leveraging provincial lands to build more affordable and rental housing, while repairing existing social housing units across the City, are just two important ways we’re taking action to ensure every family has an affordable place to live in the city they call home.”
“Our government’s record of support for municipalities including the City of Toronto is unprecedented. In 2017 alone, municipalities are benefiting from over $4 billion in ongoing support. The estimated total benefit of the 2017 provincial uploads for the City of Toronto is over a half a billion dollars. We’re proud of our record working with all 444 municipalities when it comes to improving municipal fiscal sustainability.”