HousingNowTO
Senior Member
For comparison, some new affordable-housing from a recent London, UK trip are in this thread, we need those larger floor-plates on every floor to "fit in" all of the things that the City wants/needs...
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TBH this is like, the most current and in style building proposal I have seen in Toronto in ages. This look (opaque, bricky, saturated) is more in line with most european housing developments than anything we've seen pop up in the city in quite a while.
I'm not sure what "warehousing for the poor" is supposed to mean, but most of the "imaginative design" is in making the buildings energy-efficient, family-friendly and wheelchair-accessible on the INSIDE...I'm sorry but this looks like it might belong in the old Regent Park -- the one that was recently torn down -- or the current Lawrence Heights neighbourhood. Affordable housing does not always have to look like "warehousing for the poor". It seems like minimal effort was given to this design when it could have been at least a little more imaginative.
Non-profit affordable housing developers should not have to go to the commercial banks for loans to create these buildings, there should be government financing so to avoid major interest being added. Without that, there's not much of a serious commitment from our supposed leadership to tackle the housing crisis. The system is totally broken if bank shareholders are taking as much profit from such endeavours as they do from more typical business ventures."The development proposed at the site of the former Malvern Emmanuel United Church would consist of a pair of apartment buildings, nine storeys apiece, with a mix of 317 subsidized units, moderately affordable homes and average market-priced rentals, some fully accessible.
But with a loan of more than $80 million required for the larger, 201-unit building alone, Brenyon Way Charitable Foundation board president Thomas Burns says the prospect of paying millions more in interest, along with the rising costs of building materials and skilled labour, has them reconsidering starting the smaller building, which is meant to have 116 units."