Selling Off Affordable Homes is Bad for Toronto’s Health: Seven Things You Need To Know

Toronto Community Housing Corporation (TCHC) — the City of Toronto’s affordable housing agency — is making the unprecedented recommendation to sell-off more than 700 affordable homes at a time when the city’s waiting list for affordable housing sets new all-time record highs month after month. TCHC says that it urgently needs the cash from the sale of the homes to pay for a big capital repair bill for its portfolio of 58,000+ housing units and that if the units are to be fixed and maintained, it has no alternative but to sell off the homes to the highest bidder.

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