Toronto and Missanabie Cree First Nation Launch 294 New Rental Homes in Davisville

📅 2 weeks ago

The City of Toronto and Missanabie Cree First Nation have commenced construction on 294 new rental homes, with a focus on affordable housing for Indigenous Elders and seniors.

In a significant development for housing in Toronto, the City and the Missanabie Cree First Nation have officially broken ground on a project that will deliver 294 new rental homes in the Davisville area. This initiative, which includes 196 rent-controlled market units, 80 affordable homes, and 18 rent-geared-to-income homes specifically for Indigenous Elders and seniors, aims to address the pressing need for affordable housing in the city. Located at 140 Merton Street, the project encompasses a 29-storey mixed-use building that is being designed with a strong emphasis on community and cultural integration. Residents can expect features such as dedicated ceremonial spaces, a smudging room, and a variety of indoor and outdoor amenities that promote a sense of community. Additionally, the building will house an onsite community space managed by SPRINT Senior Care, further enhancing the support available to residents. The City of Toronto is providing substantial financial backing for this project, contributing over $28 million in capital funding. This support includes exemptions from various planning and development fees as well as property tax relief, which will help facilitate the construction process. The Missanabie Cree First Nation was selected as the development partner following a competitive selection process that took place in 2022, highlighting the collaborative efforts between municipal authorities and Indigenous communities. Furthermore, the federal government has pledged more than $133 million through the Affordable Housing Fund to support this and other housing initiatives, underscoring the significance of federal involvement in local housing solutions. The 140 Merton Street project is part of a broader strategy, as it represents one of 50 affordable housing projects currently underway across Toronto, reflecting the city's commitment to increasing the availability of affordable living options amidst a growing population and ongoing housing challenges. As construction progresses, the project is expected to contribute significantly to the local housing market and provide much-needed homes for vulnerable populations in the community.

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