Transition plan for the new Toronto Seniors Housing Corporation underway
The City of Toronto, Toronto Community Housing Corporation (TCHC) and the new Toronto Seniors Housing Corporation (TSHC) are working together to implement a plan to transfer responsibility for operating TCHC's 83 seniors-designated buildings to the new corporation.
Close to 15,000 seniors living in TCHC's 83 seniors-designated buildings will become TSHC tenants once the transfer takes place. TCHC will continue to own the buildings and be responsible for capital repairs after the transfer.
A TSHC Transition Team led by Michael Sherar, the new corporation's Interim Transitional Lead and Chief Corporate Officer, is working closely with TCHC and the City to ensure a smooth transition that, above all, minimizes disruption to tenants.
The comprehensive transition plan continues to be on track with the responsibility for the buildings to be transferred on Wednesday, June 1, 2022.
Earlier this year, City Council directed the creation of TSHC, which is an important part of the City's Tenants First plan. Both the TCHC Board of Directors and the TSHC Board of Directors have approved a joint transition plan.
TSHC will focus on addressing the specific needs of seniors (aged 59-plus) living in seniors-designated buildings. Through an integrated service model, TSHC staff will work to ensure senior tenants have access to the housing, health, and community supports that they need to age in place with dignity and in comfort.
Until the transfer takes place, TCHC remains the landlord and tenants will continue to access all supports and services through TCHC's Seniors Housing Unit. TSHC, TCHC and the City have jointly developed a communications plan to keep senior tenants and TCHC employees up to date about the progress of the transition. Information is available on the TSHC website https://www.torontoseniorshousing.ca/ and TCHC website https://www.torontohousing.ca/.
"The creation of Toronto Seniors Housing Corporation delivers on the City's absolute commitment to provide seniors with safe, well-maintained homes and improved living conditions, services and experiences. When it begins operating next year, the new corporation will be solely focused on addressing the specific needs of seniors living in seniors-designated buildings. All of this work is being done to ensure senior tenants have access to the housing, health, and community supports that they need to age in place with dignity and in comfort."
- Mayor John Tory
"Toronto Community Housing is committed to working closely with the Transition Team for Toronto Seniors Housing Corporation and with our mutual shareholder, the City of Toronto, to complete the work required to have TSHC begin operations on June 1, 2022. Our top priority is to support the establishment of this important organization and that tenants in our seniors buildings continue to have access to services and supports throughout the transition period."
- Jag Sharma, TCHC President and Chief Executive Officer
"The Transition Team at Toronto Seniors Housing Corporation is very pleased to work in partnership with Toronto Community Housing and the City of Toronto to complete all the work required to ensure there will be a smooth transition. Our goal over the coming months is to minimize disruption to tenants and help them understand what will and will not change when they have a new landlord in June 2022."
- Michael Sherar, TSHC Interim Transitional Lead and Chief Corporate Officer
About Toronto Community Housing
Toronto Community Housing is Canada's largest social housing provider. We provide homes for nearly 60,000 low- and moderate-income households in neighbourhoods across the city. We are wholly owned by the City of Toronto and our portfolio of more than 2,000 buildings represents a $10-billion public asset.
About Toronto Seniors Housing Corporation
Once fully established in June 2022, Toronto Seniors Housing Corporation (TSHC) will provide subsidized rental housing in a state of good repair for seniors (age 59+) living in the 83 seniors-designated buildings owned by Toronto Community Housing. TSHC will provide services through an Integrated Service Model designed to enable senior tenants to age in place, have successful tenancies and enjoy better quality of life.
Toronto is home to more than 2.9 million people whose diversity and experiences make this great city Canada's leading economic engine and one of the world's most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture, and innovation, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. For more information visit http://www.toronto.ca or follow us on Twitter at http://www.twitter.com/CityofToronto, on Instagram at http://www.instagram.com/cityofto or on Facebook at http://www.facebook.com/cityofto.
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