Yet another municipal election is nigh. In my new piece for The Local, I analyze six top mayoral candidates’ housing platforms, which range from
¯\_(ツ)_/¯ to an ambitious return to the days of government-built mixed-income social housing on a large scale.
Just the numbers (this table is in the article, too):
|Source||Not taxes||Not taxes||City Building Fund (existing)||City Building Fund increase||Property tax increase, reserve funds||Cancelling Gardiner East, freezing police bucget|
|Units||Unspecified||At least 16,000 (as in original Housing Now plan)||HousingTO targets, provincial mandate of 285,000||10,000–25,000||22,700||15,000|
|Affordability||At least some units in developments on city-owned land||33% of housing on under-utilized city-owned land, 20% in office conversions||40,000 affordable rentals and 4,000 affordable ownership by 2030||At least 7,500 at 80% AMR, 2,500 at 30% AMR||5,660 at AMR, 3,468 at 80% AMR, 2,108 at 40% AMR, 6,135 affordable ownership||45% affordable rental (30% at AMR, 10% at 80% AMR, 5% rent geared to income, or at 30-40% AMR); subject to consultations|