Toronto Community Housing takes ownership of 11 Randolph Avenue

Toronto Community Housing takes ownership of 11 Randolph Avenue

December 16, 2011

Toronto Community Housing has purchased 11 Randolph Avenue and has assumed management of the building, effective Dec. 1, 2011.

11 Randolph is a six-storey family building with 95 units and a mix of rent-geared-to-income and market-rent tenants. The building has been operated by a receiver on behalf of the City of Toronto since 2007.

Toronto Community Housing owns and manages a development located at 136-152 Perth Avenue next door to 11 Randolph in the Lansdowne Ave. and Bloor St. W. neighbourhood. Both communities were built in 1995 and share common facilities.

Toronto Community Housing's property management team has met with the building's tenants to inform them about the services available to them.�

 

Quote:

"Given our experience in managing properties and the proximity of 11 Randolph to one of our existing communities, this new ownership makes financial sense for the City and will create stability for the tenants who live at 11 Randolph Avenue."

-Len Koroneos, CEO, Toronto Community Housing� �

 

About Toronto Community Housing

Toronto Community Housing (www.torontohousing.ca) is Canada's largest social housing provider and home to more than 164,000 tenants with low and moderate incomes-about six per cent of Toronto's population. Toronto Community Housing and its subsidiaries employ 1,400 staff in a broad range of jobs, who deliver its mission to provide affordable housing, connect tenants to services and opportunities, and work together to build healthy communities.� �

 

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Media contact: ������

Jeffrey Ferrier, Toronto Community Housing, 416-891-4252