(TORONTO) September 4, 2018—Toronto Community Housing Corporation (TCHC) is inviting applications for 75 new affordable rental housing units which will soon be available in Regent Park. Please visit our Affordable Rent page for more information.
One-, two-, and three-bedroom affordable rental units will be ready for occupancy in early 2019. The units are located in a new building at 110 River St. in Regent Park. Applications and plans of the units are available on the TCHC website.
The application process begins today, and the deadline for application is Wednesday, October 3, 2018, at 5:00 p.m. eastern standard time. All qualified applicants will have an equal chance to rent an affordable unit.
Affordable units differ from rent-geared-to-income (RGI) units and, as a result, TCHC has a separate application process. Rents for affordable units are set at or below the average market rent as determined by the Canada Mortgage and Housing Corporation. To be eligible, a household's annual gross income cannot exceed four times the annual rent of the unit.
"These new rental units at Regent Park provide new affordable housing options downtown in one of the city's most vibrant revitalized communities," said Kathy Milsom, President and CEO of Toronto Community Housing. "Toronto Community Housing is pleased to offer these 75 additional affordable rental housing units as we continue to build quality homes in a truly inclusive mixed-income, mixed-use community in Regent Park."
Thirty seven units at 110 River St. are three-bedroom units, and another 17 are two-bedroom units. There are also 20 one-bedroom units and one two-bedroom unit designated for seniors, which means that at least one person in the applicant household has to be aged 59 or older.
TCHC's randomized allocation system, overseen by the City of Toronto, ensures that every eligible household on the applicant list has an equal chance to rent one of the available affordable rental units.
Toronto Community Housing (www.torontohousing.ca) is Canada's largest social housing provider. We are owned by the City of Toronto and provide homes for nearly 60,000 low- and moderate-income households in more than 100 city neighbourhoods. Our 2,100 buildings represent a $10-billion public asset.
Media contact: TCHC media line 416-737-1352 or firstname.lastname@example.org