27 Feb Toronto to sell off almost 800 TCHC-owned buildings.
Original article via Globe and Mail. Click here to read.
Toronto city council is looking to sell almost 800 residential homes and rooming houses owned by Toronto Community Housing Corp. to buyers who will keep the units as affordable housing.
While the Rob Ford administration pushed hard to sell these dwellings in 2011 to private investors for an estimated $336-million windfall, this latest move aims to shift the ownership of the city’s “scattered housing” stock to non-profit housing co-ops, community land trusts and non-profit housing agencies.