Expand the Rent Supplement program. Toronto has an enormous waiting list of over 90,000 households seeking safe, decent, and affordable accommodation. Rent supplements are needed to help move people faster into needed housing. Tory will work with all levels of government to increase funding of this program.

Jul 2016

New Federal/Provincial Affordable and Social Housing Investments from the Social Infrastructure Fund

New Housing Investments from the Social Infrastructure Fund July 11, 2016

Allocations have been made to this program to allow for a fixed monthly subsidy of $250 available until at least March 31, 2024. What is unclear is – has this amount ($250) increased over the years or is the around the same amount? Although a 10-year infrastructure plan has been introduced, there is no breakdown as to what happens within that 10 years. Key to this is the use-it-or-lose-it approach - “b. Program Delivery and Fiscal Plan The Ministry of Housing requires Municipal Service Managers to submit a Program Delivery and Fiscal Plan outlining how SIF funding will be invested each year. As in the past, if the City's allocation is not committed in a particular calendar year, the province will redistribute it to other municipal service managers. This use-it-or-lose-it approach creates strict end-of-year deadlines as no funds can be "rolled over" into the next year.”