Toronto Community Housing was created in 2001 without a stable, long-term source of funding to pay for capital repairs to its housing stock, which was built or acquired with federal, provincial and municipal dollars. Today, as those buildings age, the consequences of this decision must be faced.
Toronto Community Housing's $422.6-million capital budget for 2019 includes a record-level $313.1-million building capital renewal plan and a $109.5-million development capital plan to fund ongoing work to replace housing in eight communities. This year's building capital renewal budget includes the approval of multi-year projects to maximize spending efficiency and realize best value for money.
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