Council unanimously approves creating 971 new affordable rental homes through the City's Open Door Program
Today, Toronto City Council unanimously approved creating 971 new affordable rental homes in 15 developments through the Open Door Program.
With today's endorsement by Council, a total of 11,143 affordable rental homes have now been approved through the City of Toronto's Open Door Program (ODP). This program is designed to accelerate affordable housing construction by providing a range of incentives from the City, which could include an exemption of fees, charges or property tax; capital funding; the fast-tracking of planning approvals; and activating surplus public land. Approved projects must begin construction within three years of the date of approval in order to maintain access to the capital grant and/or incentives.