It is no secret that Toronto has become unaffordable to many, with a record low rental vacancy rate driving up the cost of housing for many. Protect existing affordable housing stock is a critical piece for ensuring residents can live and age in their neighbourhoods. There are many rental properties, including rooming houses, that are managed poorly or under risk for redevelopment. By acquiring the buildings the city can both preserve the character of neighbourhoods and protect vulnerable tenants.
Through a nearby application at 175-191 Dundas Street East, I directed the developer to purchase the space for the city through its section 37 contribution. I helped the city acquire the space and directed the Affordable Housing Office to find a non-profit housing group who would renovate and operate the property, a former bed and breakfast. The winning group was Native Men's Residence (Na-Me-Res) who have created 16 long-term, self-contained, deeply affordable rental units. In addition, the building will be restored and made accessible.
This new home was given the name "Golden Eagle Landing," which signifies that this building will be more than a new home. It will be a place of safety and refuge, where the men will be loved and embraced.