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Plan for 40,000 New Affordable Homes Approved in Toronto
"Toronto city council approved a complex housing plan on Tuesday, aimed at providing more and better shelter for residents of all ages and at different rungs of the income ladder, including the homeless, young people looking for their first apartment and seniors," reports Francine Kopun.
The HousingTO 2020-2030 Action Plan, as the approved plan is called (the previous ten-year plan was called the Housing Opportunities Toronto plan), is a centerpiece of Toronto Mayor John Tory's agenda, but accomplishing the goals set by the plan will require determined, unified effort by the city's council, according to advocates cited in the article.
The provincial and federal governments will also likely need to help. "The city is contributing $8.5 billion in the form of incentives and money. Roughly $15 billion is needed from the two other levels of government," according to Kopun.