Could a new plan to get affordable housing in Toronto ‘unstuck’ work?

Toronto city councillors will consider a plan to spend $350 million on financial incentives to build 6,000 affordable rental units. The Rental Supply Housing Program aims to accelerate construction by providing up to $260,000 per unit. The city hopes to address the housing crisis by fast-tracking projects and creating affordable housing for low-income workers and middle-class families. The plan includes rent-controlled homes and specific affordable rent definitions. If approved, the city will fund the program initially, with plans to transition to provincial and federal sources later.