{"id":8132,"date":"2018-03-14T20:06:13","date_gmt":"2018-03-14T20:06:13","guid":{"rendered":"https:\/\/ontarioconstructionreport.com\/?p=8132"},"modified":"2018-03-19T12:44:09","modified_gmt":"2018-03-19T12:44:09","slug":"developer-proposes-50000-units-of-affordable-housing-in-toronto-vancouver","status":"publish","type":"post","link":"https:\/\/ontarioconstructionreport.com\/developer-proposes-50000-units-of-affordable-housing-in-toronto-vancouver\/","title":{"rendered":"Developer proposes 50,000 units of affordable housing in Toronto, Vancouver"},"content":{"rendered":"<p>The <strong>Creative Housing Society<\/strong>, an independent non-profit group to be based in Toronto, wants to build 50,000 units of affordable housing in Toronto and Vancouver.<\/p>\n<p>According to a report in the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.theglobeandmail.com\/real-estate\/article-real-estate-developer-pitches-plan-for-50000-units-of-affordable\/\"><strong>Globe and Mail<\/strong><\/a><\/span><strong>,<\/strong> the federal government is looking at the developer\u2019s plan valued at as much as $14-billion that could become a big part of Ottawa\u2019s national housing strategy.<\/p>\n<p>The founding partners of Creative Housing would be Westbank, Canadian Mortgage and Housing Corp. (CMHC), Allied Properties REIT and an investor such as a pension fund. The project would be open to other investors. The plan is to leverage public money with private-sector investments, according to the proposal.<\/p>\n<p>Creative Housing is looking to build 50,000 units, mostly rental. They would be designed for median-income households, workers such as teachers and bus drivers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Creative Housing Society, an independent non-profit group to be based in Toronto, wants to build 50,000 units of affordable housing in Toronto and Vancouver. According to a report in the Globe and Mail, the federal government is looking at the developer\u2019s plan valued at as much as $14-billion that could become a big part [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89,49],"tags":[],"class_list":{"0":"post-8132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-projectsopportunities","7":"category-provincial-news"},"_links":{"self":[{"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/posts\/8132"}],"collection":[{"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/comments?post=8132"}],"version-history":[{"count":2,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/posts\/8132\/revisions"}],"predecessor-version":[{"id":8148,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/posts\/8132\/revisions\/8148"}],"wp:attachment":[{"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/media?parent=8132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/categories?post=8132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ontarioconstructionreport.com\/wp-json\/wp\/v2\/tags?post=8132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}