Two Toronto developers just contributed nearly $7M to create 122 affordable homes. realestate realestatenews housing affordablehousing
This marks the second of five annual payments toward a total of $17M affordable housing land trust co-founded by Habitat for Humanity Greater Toronto Area. The committed contribution of grants and loans are expected to fund the development of at least 180 affordable housing units in the city.
21 affordable rental co-op units that will be part of a new community near Symington Ave. and Dupont St. “CAHS was founded upon the idea that developers who are willing to collaborate with City leadership, affordable housing partners, and local grassroots groups can come together to create thriving, economically diverse communities and that is exactly what is happening here,” said VP of Real Estate Development at Habitat GTA & CAHS Executive Lead Joshua Bénard.
A 56-unit affordable housing will be constructed by the developers and conveyed to the City of Toronto.
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