A Discussion of Affordable Rental Housing Development ONTARIO WEST MUNICIPAL CONFERENCE WHAT S ON YOUR HORIZON

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1 A Discussion of Affordable Rental Housing Development ONTARIO WEST MUNICIPAL CONFERENCE WHAT S ON YOUR HORIZON Nov 24, 2017

2 - London Context and Background AGENDA PRESENTATION - Update from London: Projects in London/Middlesex - What s in the Municipal Toolbox? DISCUSSION - Practical Examples from Across the Region. - What s on the Horizon in London and Elsewhere?

3 CONTEXT: ROLES WITH A HOUSING SYSTEM SHARED OUTCOME - HOUSING STABILITY Homeless Prevention System Housing Stock/ Market Support Systems Related Sector Services

4 CONTEXT: A GOAL OF HOUSING STABILITY

5 CONTEXT: A COMMON VISION VISION ALL members of the community have access to housing that is safe, secure, and suitable to their needs and ability to pay. *

6 CONTEXT: The ENVIRONMENT Rapidly Growing Need Local average market rental (AMR) rates are increasing quickly No new units developed below AMR Vacancy rates very low (~1% for 1 bedroom units) Increasing demand from a growing population Affordable market units are leaving stock Opportunity $1 invested in affordable housing development attracts $1 of non-government equity (investment or mortgage)

7 CONTEXT: The Connected Parts DRIVERS: - Great community need - Clear strategies - Opportunities APPROACH: - Integrated solutions - Engaged community - Efficiency and Maximized value - Measurable outcomes PLAYERS: - ALL orders of government - Private and Non-profit Developers - Communities - Other sectors

8 CONTEXT: Background HOUSING SERVICES Housing Stock/ Market HDC stimulates the development and sustainability of affordable housing throughout London and Middlesex.

9 HDC: DEVELOPMENTS UNDER CONSTRUCTION (2017 Starts) 356 Dundas St., London 69 Units 516 Albert St., Strathroy 31 units 27 Centre St. Strathroy 61 units TOTAL: 161 new rental units

10 NEW.AFFORDABLE HOUSING DEVELOPMENTS (to start construction in early 2018) 25 Centre Street 82 Units 770 Whetter Avenue 54 units Advancing for Development (subject to prov. concurrence) TOTAL: 136 new rental units

11 Escalade Property Corp. 25 Centre Street 25 Centre Street NO. OF UNITS 45 affordable units 37 market units PARTNERSHIP DeafBlind Ontario Services KEY FEATURES Poured in place concrete 11 storey high rise Balconies Building will be air conditioned Tools: Phase 2, Intensification, Partnership, Mix, 35 yr agreement, Wood frame construction

12 Homes Unlimited 770 Whetter Avenue NO. OF UNITS 50 affordable units 4 market units PARTNERSHIP Community Living London KEY FEATURES Four story, wood frame construction Balconies Individual heating and cooling in each unit Tools: Non-profit, 50 yr agreement, infill, Partnership, Mix

13 356 Dundas Street, London NO. OF UNITS 50 affordable units 19 market units PARTNERSHIP Canadian Mental Health Association KEY FEATURES 6 storey engineered wood frame construction Outdoor courtyard space for tenants Tools: CIP, DCs, Infill, Partnership, Mix Wood frame construction (35 yrs)

14 516 Albert Street, Strathroy NO. OF UNITS 27 affordable units 4 market units PARTNERSHIP Community Living Middlesex KEY FEATURES Granite countertops Outdoor garage space available for rent Tools: Phase 2, Intensification, County land costs, Partnership, Mix, Wood frame construction

15 27 Centre Street, London NO. OF UNITS 46 affordable units 15 market units PARTNERSHIP DeafBlind Ontario Services KEY FEATURES Poured in place concrete 8 storey high rise In-suite storage Tools: Phase 2, Brownfield, Intensification, Partnership, Mix, Co-ordinated with municipal services

16 NEW AFFORDABLE HOUSING - COMPLETED IN Clarke Rd., London - 14 Units (readying for rent up) 380 Princess Ave., London - 33 Units 534 Albert St., Strathroy - 31 Units TOTAL: 78 new rental units in stock in 2017 IN PROGRESS Dundas St. London - 33 Units under construction

17 2018 and Beyond - HDC Direct Development Projects - Integrating with Municipal development tools and plans - Supporting Regeneration Plans - Design Standards - Exploring New Funding Models

18 SHARED PRIORITIES & AREAS OF FOCUS Revised business approaches to the front door - accessing housing Capital Repair Management Social and Public Housing Social and Public Housing End of Agreements and Regeneration Strategies for persons in need of supports in public/social housing 2018 and Beyond

19 Toolbox:

20 Toolbox: Municipal Fees: DCs Building Permits Application Fees (Reducing or mitigating costs) Allowances and Supplements: Direct supports to individuals to remain housed Accessibility: Changes to retain home (ramps, showers, etc)

21 Toolbox: Land Use: Planning Tools: Surplus lands, mixed municipal developments Inclusionary Zoning Height and Density Bonusing Zoning considerations Community Improvement Plans

22 DISCUSSION: What s in your Toolbox? - Practical Examples from Across the Region. - What s NEXT?

23 STEPHEN Giustizia CEO, HDC DAVE Purdy Manager, Housing Division