About Toronto Community Housing's State of Good Repair Program

Improving housing for 164,000 residents

Over the past 10 years, Toronto Community Housing has struggled to find stable, sustainable funding to maintain its housing in good repair. Today, our buildings have a $751-million repair bill, an amount that grows every year. Too many Toronto Community Housing residents live in buildings that are falling apart because we can’t afford to fix them. 

Since 2011, Toronto Community Housing has sold a number of stand-alone units and other assets. The revenue generated from these sales has been set aside in one of the State of Good Repair Funds. More information about what was sold to create the fund can be found at www.torontohousing.ca/sogr_fund 

How will the State of Good Repair Funds be used?

Money from the State of Good Repair Fund must be spent on capital repairs. Toronto Community Housing launched the State of Good Repair: in your unit program in the Morningside Coronation community on Danzig Street in November 2012. This program will invest $12.5 million from the State of Good Repair Fund A to address repair needs at 80 high-need communities over the next two years. More information about this program can be found at www.torontohousing.ca/sogr_iyu_program

How will the State of Good Repair Funds Grow?

Toronto Community Housing has found a number of ways to generate additional revenues for the State of Good Repair Funds.

We received $6.8 million from the City of Toronto's property tax exemptions that are in the State of Good Repair Fund B.

In June 2012, the Ministry of Municipal Affairs and Housing approved a request to sell 65 stand-alone properties. Sales for most of these properties and some approved earlier, will start in early 2013. Proceeds from the sale of the 68 vacant properties are expected to generate at least $24 million for the State of Good Repair Fund B.

Based on the recommendation made by Councillor Ana Bailão’s special working group in its report Putting People First: Transforming Toronto Community Housing, Toronto City Council approved the sale of an additional 55 stand-alone properties on October 30, 2012. The sale of these 55 properties is expected to generate $35 million for the State of Good Repair Fund B.

A list of the properties that will be sold to generate revenues for the State of Good Repair Fund B can be found at
www.torontohousing.ca/sogr_fund_properties

In March 2013, following a recommendation in Councillor Ana Bailão’s special working group report, Toronto Community Housing has proposed refinancing 18 of its mortgages to establish a new 30-year rate and generating about $93-million for the State of Good Repair Fund B. There are a few restrictions to the $93 million. First, $11.8 million must be set aside in capital reserves for the 18 buildings with refinanced mortgages. Second, the money must be spent on capital repairs for buildings with a 30-year life span.

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