Item - 2015.EX8.25
Tracking Status
- City Council adopted this item on September 30, 2015 without amendments and without debate.
- This item was considered by the Executive Committee on September 21, 2015 and adopted without amendment. It will be considered by City Council on September 30, 2015.
- See also Item BU10.8
EX8.25 - Budget Adjustment to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration for Investment in Affordable Housing (Extension)
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 7 - York West
City Council Decision
City Council on September 30, October 1 and 2, 2015, adopted the following:
1. City Council increase the 2015 Approved Operating Budget for Shelter, Support and Housing Administration by $9,275,640 gross and $0 net to reflect the additional Provincial funding received under the Canada-Ontario Investment in Affordable Housing Extension (2014-2020) program for the Medallion Corporation 3415 Weston Road - CASA at Emery Village project (Phase Four).
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-83507.pdf
(August 17, 2015) Report from the General Manager, Shelter, Support and Housing Administration and the Director, Affordable Housing Office on Budget Adjustment to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration for Investment in Affordable Housing (Extension)
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-83405.pdf
EX8.25 - Budget Adjustment to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration for Investment in Affordable Housing (Extension)
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 7 - York West
Committee Recommendations
The Executive Committee recommends that:
1. City Council approve an increase of $9,275,640 gross and $0 net to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration to reflect the additional provincial funding received under the Canada-Ontario Investment in Affordable Housing Extension (2014-2020) program for the Medallion Corporation 3415 Weston Road - CASA at Emery Village project (Phase Four).
Origin
Summary
This report seeks approval for a budget adjustment to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration (SSHA) which would increase the gross budget by $9,275,640 with a zero net impact.
The budget adjustment matches the additional funds received from the Ministry of Municipal Affairs and Housing for the Medallion Corporation 3415 Weston Road - CASA at Emery Village project (Phase Four). This is a Council approved project which is funded by the Canada-Ontario Investment in Affordable Housing Program Extension (2014 - 2020)
Background Information
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-83507.pdf
(August 17, 2015) Report from the General Manager, Shelter, Support and Housing Administration and the Director, Affordable Housing Office on Budget Adjustment to the 2015 Approved Operating Budget for Shelter, Support and Housing Administration for Investment in Affordable Housing (Extension)
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-83405.pdf