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Document: Finalizing Construction Costs for 239 Affordable Rental Homes

In May of 2009 The Affordable Housing Committee discussed providing additional funding to help cover construction costs due to new planning requirements (see Section 37) St. Clare’s was recommended to receive additional funding in the amount of 1.5 Million dollars to help cover, among other things, the requirements for workshop spaces for artists.

This not only shows that St. Clare’s had full knowledge of their obligation but it also shows how and (how much) funds were obtained to help construct spaces that since, have not been made available to Live/Work Artists.

Excerpts:

At its meeting on February 23-25, 2009, Council was informed that a number of approved affordable housing developments might require additional financial assistance once their tender prices were known. Three such developments have recently completed construction tendering processes and have confirmed their final construction pricing.

The construction of these three developments will create approximately 600 person years of employment and upon completion provide housing for up to 374 Toronto residents.

The affordable housing developments are:
Parkdale Activity-Recreation Centre – 194 Dowling Avenue: 29 homes
St. Clair West Affordable Housing Group – 1120 Ossington Avenue: 20 homes
St. Clare’s Multifaith Housing Society – 48 Abell Avenue (now known by new address of 180 Sudbury Street): 190 homes 

St. Clare’s Multifaith Housing Society

48 Abell Street (now known as 180 Sudbury Street) (190 homes) Ward 18 Davenport

Since the original Council approval of this development, additional costs have arisen as a result of new planning requirements which were not anticipated by the group at the time of their original proposal. These include contributing to the cost of a road extension, requirements for workshop space for artists, an enclosed mechanical penthouse, and step- backs on the first five floors of the building. These changes have increased the size of the building by 8,200 square feet. As well, capital requirements have increased due to the rise in the interest rate for fixed, long-term financing. It is recommended that the St. Clare’s Multifaith Housing Society be provided with $497,242 from the Development Charges Reserve Fund and $1,002,758 from the Capital Revolving Reserve Fund to meet their requirements. 

APPENDIX

The chart below summarizes the additional funding proposed by this report as well as the funding and other contributions previously allocated to the three projects in May 2007.

Summary of Existing and Recommended Funding 

Proponent name

Parkdale Activity Recreation Centre

St. Clair West Affordable Housing Group

St. Clair Multifaith Housing Society

Project address

194 Dowling Ave.

1120 Ossington Ave.

48 Abell Ave. (now 180 Sudbury St.)

Ward number

14

17

18

Number of units

29

20

190

Affordable Housing Program funding, approved May 2007

$2,030,000

(29 units x $70,000)

$1,400,000

(20 units x $70,000)

$13,300,000

(190 units x $70,000)

City contributions (fees and charges waivers, net present value of property taxes for term of agreements) approved May 2007

$918,416

$594,337

$3,031,869

Recommended Development Charges Reserve – Shelters/Housing funding (new funding)

$150,624

$97,475

$497,242

Recommended Capital Revolving Reserve Fund for Affordable Housing funding (new funding)

$1,389,376

$577,525

$1,002,758

Totals

$4,488,416

$2,669,337

$17,831,869

Here is the full document: Finalizing Construction Costs for 239 Affordable Rental Homes

Excerpts from the Section 37 Agreement – 180 Sudbury St

Subsection 37(3) of the Planning Act provides that where an owner of land elects to
provide facilities, services or matters in return for an increase in the height or density of
development, a municipality may require the owner to enter into one or more agreements with the municipality dealing with the facilities, services and matters;

Pertinent sections have been pulled out and bolded to indicate non-compliance to this agreement by of the owner of 180 Sudbury – These issues are currently being addressed with Councillor Ana Bailao and Senior Planner Sarah Phipps.

To see the full agreement click here

Section 4 – Affordable Housing (pg 6)

City and the Owner acknowledge and agree that the Owner proposes to develop the
Site in two phases, with Phase I being a building with a maximum height of 18 storeys
containing approximately 190 units of Affordable Rental Housing, including 27
Affordable Artist Live/Work Units as shown on the plans and drawings listed in the
schedules of the Site Plan Agreement. For greater certainty, the Owner acknowledges
and agrees that the construction of 190 units of Affordable Rental Housing in Phase I
shall include:

i) the construction of 27 Affordable Artist Live/ Work Units; and
ii) the provision of a minimum of 280 square metres of contiguous workshop space
in Phase 1, a portion of which is at-grade, for use by the residents of the artist
live/work units, which space shall be accessed by corridors with a minimum
width of five (5) feet and shall include adequate ventilation to permit any artistic
activities that may be prohibited in the Affordable Artist Live/Work Units, to the
satisfaction of the Chief Planner.

4.2 The Affordable Artist Live/Work Units referred to in Section 4.1i) above shall include
operable windows and fans in any living area and heights of nine (9) feet from floor to
ceiling. The specific details of how tenants for the Affordable Artist Live/Work Units
will be selected and how the Affordable Artist Live/Work Units will be managed will be
established by St. Clares Multifaith Housing Society, in consultation with the Chief
Planner, and will be consistent with the terms of the City’ s Request- for-Proposal under
which the Affordable Rental Housing in Phase 1 was selected.

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