Kent School

Toronto Developers Contribute $6.8 Million to Create 122 New Affordable Homes

Retrieved on: 
Thursday, November 24, 2022
Growth, The Land Trust, Housing, Real estate, City, Bias, Habitat, Investment, Saint Clair, Humanity, Real estate development, CAHS, Kent School, Renewable energy, Property management, Tunnel, Fitzrovia, Bloor

The designated recipient of the funds is the Toronto-based Land Trust, Community Affordable Housing Solutions ( CAHS ).

Key Points: 
  • The designated recipient of the funds is the Toronto-based Land Trust, Community Affordable Housing Solutions ( CAHS ).
  • CAHS has recently announced plans to invest the $6.8 Million received to date to create 122 new affordable homes as follows:
    Up to 40 affordable ownership units that will include two and three-bedroom units at a future community at St. Clair Ave. and Caledonia Rd.
  • We are proud to be part of a robust non-profit sector that not only builds affordable homes but is also working to ensure these homes stay affordable for decades to come.
  • In addition to the historic land trust, the developers will also provide a number of additional community benefits, including (but not limited to):
    A 56-unit affordable housing will be constructed by the developers and conveyed to the City of Toronto.