The federal government is pledging $2.7 billion to build more than 18 housing projects across the city of Toronto, Prime Minister Mark Carney announced Wednesday.
The plan includes 5,600 rental homes, 1,800 of which will be “deeply affordable,” supportive or rent-controlled, according to Carney. He said 4,500 new homes will be under construction by year’s end.
He said the projects will take place in neighbourhoods hardest hit by rising rent and evictions, and will include a 16-story complex in Parkdale and another in Scarborough at 158 Borough Drive.
Building Gang Banger slums.
