Item - 2022.EX32.2

The Executive Committee recommends that: 

1. City Council, as Shareholder, direct the Board of Directors of Toronto Community Housing Corporation to flow all necessary existing net operational funding to Toronto Seniors Housing Corporation in 2022 to support their operations, including funding for the Integrated Service Model, as approved by the Deputy City Manager, Community and Social Services in consultation with the Chief Financial Officer and Treasurer.

2. City Council approve one-time funding of $4.804 million in 2022 from 2021 funding temporarily allocated to the Tax Rate Stabilization Reserve Fund to fund incremental transitional costs for Toronto Seniors Housing Corporation, and City Council request that future ongoing costs be submitted for City Council's consideration through the annual budget process.

3. City Council receive the letter from the Vice-Chair of the Board of Directors of Toronto Seniors Housing Corporation regarding the appointment of the Corporation's Chief Executive Officer.

4. City Council direct that Confidential Attachment 1 to the report (April 20, 2022) from the Deputy City Manager, Community and Social Services, remain confidential in its entirety as it contains labour relations information supplied in confidence to the City of Toronto, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

In May 2021, City Council directed the incorporation of Toronto Seniors Housing Corporation (TSHC) as well as the adoption of a shareholder direction and recruitment of a Chief Corporate Officer and Transition Lead. Council also provided principles to guide negotiations between TSHC and Toronto Community Housing Corporation (TCHC) for the transition of operations.

This report recommends a path forward through the transitional period in 2022 and includes the following: 

1. Request for the allocation of one-time funding from the City of Toronto for 2022 transitional costs;

2. Report back on the activities of the Senior Tenant Advisory Committee (STAC) as directed by MM38.51;

3. Report back on the newly appointed CEO of TSHC and the Board-approved executive compensation policy; and

4. Update on key activities related to the upcoming transition of operations from TCHC,

With approval of the recommendations in this report, TSHC will be well positioned to successfully take on the operations and responsibility for the seniors housing portfolio.