Item - 2017.CD22.9

The Community Development and Recreation Committee recommends that:

1.  City Council authorize the General Manager, Shelter, Support and Housing Administration to provide on behalf of the City acting as Service Manager under the Housing Services Act, 2011, consent pursuant to subsection 161 (2) of the Housing Services Act, 2011, to the transfer by Toronto Community Housing Corporation to Yorkdale Residences II Inc.:

a.  that Part of Block 1, on a draft plan of subdivision, designated as Parts 1-7 inclusive and Part 10 on the draft Strata Plan (collectively "Market Lands") received from Toronto Community Housing Corporation;

Subject to the following conditions:

i.  registration of the Strata Plan;

ii.  Toronto Community Housing Corporation shall reimburse the Service Manager for all provincial housing costs attributable to the Market Lands that the Service Manager shall be responsible for pursuant to the Housing Services Act, 2011;

iii.  Toronto Community Housing Corporation shall have advised the General Manager, Shelter, Support and Housing Administration of the proposed closing date and undertakes to advise the General Manager of any extension of the closing date or dates for such sale;

iv.  Toronto Community Housing Corporation shall provide the General Manager, Shelter, Support and Housing Administration with details of the transfer to Yorkdale Residences II Inc. within ten (10) days of closing, including copies of all registered transfers and the relevant parcel registers, so that the General Manager may apply to the Province to advise Canada Mortgage and Housing Corporation of the sale and removal of the Market Lands from the social housing portfolio;

v.  Toronto Community Housing Corporation shall use the net financial proceeds to fund a portion of the cost of construction for the replacement social housing in Lawrence Heights Phase 1B; and

vi.  such other conditions that the General Manger, Shelter, Support and Housing Administration considers reasonable and necessary to carry the recommendations adopted by Council.

2.  City Council authorize the General Manager, Shelter, Support and Housing Administration to:

a.  advise the Minister of Housing pursuant to section 163 of the Housing Services Act, 2011 of the consent provided on behalf of Council as Service Manager to the transfer of the Market Lands to Yorkdale Residences II Inc. and to request that these lands be removed from the social housing portfolio; and

b.  provide as required Service Manager consent pursuant to subsection 161 (2) of the Housing Services Act, 2011 on terms and conditions satisfactory to the General Manager, Shelter, Support and Housing Administration and in a form satisfactory to the City Solicitor, to any construction financing proposed by or on behalf of Yorkdale Residences II Inc.

3.  City Council authorize the General Manager, Shelter, Support and Housing Administration to provide, on behalf of the City, acting as Service Manager under the Housing Services Act, 2011 , consents pursuant to subsection 161 (2) of the Housing Services Act, 2011 to transfers by Toronto Community Housing in future phases of the redevelopment of Lawrence Heights, consistent with the prior redevelopment decisions by City Council, on terms and conditions satisfactory to the General Manager, Shelter, Support and Housing Administration, and in a form satisfactory to the City Solicitor.

Toronto Community Housing Corporation (TCHC) has embarked on a multi-phase plan to revitalize its Lawrence Heights community. The project will replace 1,208 Rent-Geared-to-Income (RGI) units that require renewal and develop approximately 4,792 market units on 60.5 hectares of land.

As part of the Phase 1B revitalization, on July 6, 2017, Toronto Community Housing Corporation submitted a request to Shelter, Support and Housing Administration (SSHA) for consent to transfer lands in connection with the redevelopment.  Toronto Community Housing Corporation is proposing that lands identified as part of Block 1 be transferred to Yorkdale Residences II Inc. ("YRI") to be developed as a mixed-use condominium building with integrated townhouses and retail space at grade. Toronto Community Housing Corporation will use the proceeds from the land sales to fund costs associated with building the replacement rental housing. The request has no financial implications to the City.

This report recommends that City Council as Service Manager grant consent for the transfer of selected Toronto Community Housing Corporation properties to Yorkdale Residences II Inc. as part of Phase 1B of the Council-approved Lawrence Heights Revitalization and authorize the General Manager, Shelter, Support and Housing Administration, as Service Manager to provide the necessary consents for future transfers associated with the Lawrence Heights Revitalization.