How Michael Thompson voted at council

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1. 2024.EX18.2ADOPTED

   Build More Homes: Expanding Incentives for Purpose Built Rental Housing

   Toronto is facing two housing crises – one where there is a lack of deeply affordable and supportive homes for low-income, marginalized, and vulnerable residents, as well as those experiencing homelessness; and a more recent one in which rising rents have made it increasingly unaffordable for middle income earners, key workers and professionals to live in the city. To respond to this dual crisis, City Council has pledged to meet the Provincial housing target of 285,000 housing starts in Toronto by 2031, and has expanded its HousingTO 2020-2030 Action Plan (HousingTO Plan) targets to approve 65,000 rent-controlled homes, including rent-geared-to-income (RGI) and affordable rental homes, by 2030. An adequate supply of purpose-built rental homes is central to a well-functioning housing system that can meet the housing needs of current and future residents. However, Toronto is facing a shortage of purpose-built rental homes as a direct result of insufficient investments from all orders of government since the early 1990s. As governments stepped back from investment in new purpose-built rental homes, new private investment in condominiums increased leading to a situation where 85…

   City Council · 2024-11-13 12:30 PM

   Adopt Item

   Michael Thompson's vote: Yes

   Majority required - EX18.2 - Adopt the item

   Motion result

   Carried

   Recorded tally

   23-1

   Source outcome