Item - 2012.CD14.9

The Community Development and Recreation Committee recommends that:

1.         City Council, in its capacity as Shareholder of Toronto Community Housing Corporation (TCHC):

a.         Approve in principle, pursuant to Section 6.3.1 (c) of the City's Shareholder Direction to Toronto Community Housing Corporation, the revitalization of Toronto Community Housing Corporation's Alexandra Park including Atkinson Housing Co-operative, as requested in the communication from Toronto Community Housing Corporation’s Chief Executive Officer dated March 28, 2012;

b.         Approve, pursuant to Section 6.3.1 (b) of the City's Shareholder Direction to Toronto Community Housing Corporation, the sale or lease of land as set out in the communication from Toronto Community Housing Corporation’s Chief Executive Officer dated March 28, 2012:

c.         Approve, pursuant to Section 6.3.1 (c) of the City's Shareholder Direction to Toronto Community Housing Corporation, any temporary reduction in the number of RGI units during the revitalization of Alexandra Park;

on condition that:

d.         Consistent with the service level standards, a minimum of 806 units of rent-geared-to-income (RGI) housing is to be made available in Alexandra Park upon completion of the revitalization project;

e.         The first priority of any net proceeds from the sale or lease of lands in Alexandra Park be applied to the revitalization of Alexandra Park either through the construction of additional housing or the provision of related infrastructure; and

f.          Toronto Community Housing Corporation report annually, through Toronto Community Housing Corporation's Annual Report to Council, on the status of the revitalization of Alexandra Park and on any tenant and community impacts resulting from the revitalization:

2.         City Council, in its capacity as Service Manager under the Housing Services Act, 2011 authorise the General Manager, Shelter, Support and Housing Administration to grant any necessary Service Manager consents pursuant to the Housing Services Act, 2011 to:

a.         The revitalization of Alexandra Park and lands leased to Atkinson Housing Co-operative;

b.         All mortgages to be granted by Toronto Community Housing Corporation for the purposes of financing the revitalization of Alexandra Park and the lands leased to Atkinson Housing  Co-operative, including future amendments and extensions thereof,  in a form approved by the Minister, and to cause such consents to be registered by the City Solicitor under the Registry Act or the Land Titles Act; and

c.          All  future mortgages  and developments by third parties of all real property disposed of by Toronto Community Housing Corporation for the purposes of financing the revitalization of Alexandra Park and the lands leased to Atkinson Housing  Co-operative and not used for social or public  housing, in a form approved by the Minister, and to cause such consents to be registered by the City Solicitor under the Registry Act or the Land Titles Act;

subject to:

d.         Toronto Community Housing Corporation and/or the prospective purchasers and lessees of land in Alexandra Park obtaining the various necessary planning approvals and legislative, municipal and corporate consents (including consent of mortgagors, if necessary);

e.         Approval from the Ministry of Municipal Affairs and Housing (MMAH) and/or Canada Mortgage and Housing Corporation if necessary; and

f.          Toronto Community Housing Corporation providing a Tenant Relocation and Assistance Implementation Plan, to the satisfaction of the General Manager, Shelter, Support and Housing Administration, that describes Toronto Community Housing Corporation’s obligations regarding tenant relocation of Alexandra Park tenants including the Atkinson Housing Co-operative members for all phases of the revitalization and to provide updates to the Plan as appropriate, pursuant to the requirements set out in Agreements under Section 37 of the Planning Act and Section 111 of the City of Toronto Act.

3.         City Council, in its capacity as Service Manager under the Housing Services Act, 2011 authorise the General Manager, Shelter, Support and Housing Administration to request the Ministry of Municipal Affairs and Housing to grant any necessary Ministerial consents  pursuant to the Housing Services Act, 2011 to:

a.         all transfers, leases and other dispositions of real property by Toronto Community Housing Corporation for the purposes of the revitalization of Alexandra Park and the lands leased to Atkinson Housing Co-operative;

b.         all future transfers, leases and other dispositions by third parties of all real property disposed of by Toronto Community Housing Corporation for the purposes of the revitalization of Alexandra Park and the lands leased to Atkinson Housing Co-operative and not used for social or public housing; and

c.         to cause such consents to be registered by the City Solicitor under the Registry Act or the Land Titles Act.

4.         City Council request Toronto Community Housing Corporation to develop a Social Development Plan in collaboration with local stakeholders and City Divisions including Social Development Finance and Administration and Toronto Employment and Social Services.