Conversion of 2,200 Condo Units into Rental Apartments in GTA
Sector: Government • Location: Toronto, Ontario, Canada
Source: Weekly Voice
The Ontario government is investing $300 million through the Building Ontario Fund in partnership with High Art Capital to convert approximately 2,200 condominium units into long-term rental housing in the Greater Toronto Area (GTA). About 550 of these homes will have rents set at 25% below market rates or no more than 30% of the median household income in the GTA, ensuring long-term affordability
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Ontario government is investing $300 million through the Building Ontario Fund in partnership with High Art Capital to convert approximately 2,200 condominium units into long-term rental housing in the Greater Toronto Area (GTA). About 550 of these homes will have rents set at 25% below market rates or no more than 30% of the median household income in the GTA, ensuring long-term affordability. The initiative aims to increase affordable rental housing supply by converting unsold condominium units into rental homes, with the Building Ontario Fund maintaining ownership for at least five years before selling the units and repaying the loan. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |