Municipal election could be turning point for non-profits fighting gentrification
Groups say $200 million in funding could help preserve 4,000 units and expand community-owned housing before the municipal election.
- Ahead of the October 26 election, Toronto community land trusts are urging city council to double program funding to $200 million, aiming to preserve 4,000 housing units over four years.
- Acquiring existing buildings takes about six months, whereas new construction requires three to five years at double or triple the cost, said Joshua Barndt, director of strategy and portfolio development for the Parkdale Neighbourhood Land Trust.
- The proposed cultural districts program, set for a vote this month, could support organizations like the Little Jamaica Community Land Trust, led by Anyika Mark, in protecting Afro-Caribbean spaces along Eglinton Avenue West.
- Despite a market with "less frenzy" than three years ago, Matti Siemiatycki, director of the Infrastructure Institute at the University of Toronto, emphasized that non-market housing is essential for addressing long-term affordability challenges.
- Dominique Russell, co-director of the Kensington Market Community Land Trust, stated they are "helping the city deliver on its responsibility to house its citizens," hoping the next government will view them as partners.
20 Articles
20 Articles
Toronto non-profits fighting gentrification say upcoming municipal election could be turning point
A handful of Toronto community groups are buying properties across the city in an effort to keep rents low say the upcoming municipal election could determine whether they're able to secure thousands more units in the years to come as the ongoing demand for housing shifts focus.
Toronto election could be turning point for non-profits fighting gentrification - Toronto
Community land trusts say the October election is an opportunity to cement funding for a municipal program that allows them and other non-profits to buy at-risk rental buildings.
Winnipeg Free Press
Municipal election could be turning point for non-profits fighting gentrification
TORONTO - A handful of Toronto community groups buying properties across the city in an effort to keep rents low say the upcoming municipal election could determine whether they're able to secure thousands more units in the years to come as the ongoing demand for housing shifts focus.
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