30 Jan Toronto may finally have found a better way to build affordable housing.
Original article via The Star. Click here to read.
At long last, Toronto is prepared to leverage its biggest asset — city-owned land — to build more of the rental housing this city desperately needs.
A plan to develop 11 parcels of surplus land to produce thousands of new rental apartments, with some of them at more affordable rents, is an important change in city policy that should be welcomed and expanded on over time. It’s a big improvement over just selling the land to the highest bidder, all but ensuring that nothing but condominiums get built.