TCHC Housing Sell Off Backgrounder

Toronto Community Housing Corporation (TCHC) — the City of Toronto’s affordable housing agency — is making the unprecedented recommendation to sell-off more than 700 affordable homes at a time when the city’s waiting list for affordable housing sets new all-time record highs month after month. TCHC says that it urgently needs the cash from the sale of the homes to pay for a big capital repair bill for its portfolio of 58,000+ housing units and that if the units are to be fixed and maintained, it has no alternative but to sell off the homes to the highest bidder.

Read the full Backgrounder here

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