The Wellesley Institute, in its formal submission to Toronto City Council’s Executive Committee on Jan. 24, 2012, commends the City of Toronto as it considers the allocation of $108 million in federal and provincial affordable housing dollars. The Wellesley Institute supports the overall approach proposed by city staff, which is to divide the housing funds among four of the major priorities set out in the City of Toronto’s long-term affordable housing plan, Housing Opportunities Toronto. However, we recommend adjusting the percentages to ensure that more funding goes into long-term and permanent affordable rental housing, and proportionately less into housing allowances paid to tenants who then hand the money over to private landlords.
Read it here: Housing Investment Allocations
UPDATE: https://www.wellesleyinstitute.com/news/tchc-update-executive-committee-has-voted-to-delay-sell-off-of-affordable-homes/