Fund Peterborough Housing Corporation affordable housing acquisition

Councillor Votes

Full Resolution Text

That Council approve the recommendations outlined in Report CSSS21-015 dated December 13, 2021, of the Commissioner of Community Services, as follows a) That the Ontario Priorities Housing Initiative funding be provided to Peterborough Housing Corporation to acquire housing units from the units being disposed of on Denne Crescent, Collison Crescent and Collison Avenue and to support the inclusion of more affordable housing at 553 Bonaccord Street, including approval of up to a maximum of $940,000 in federal-provincial capital funding; b) That staff be directed to work with Peterborough Housing Corporation to maximize the impact of the funding to support unit acquisition on Denne Crescent, or Collison Crescent or Collison Avenue as well as to increase affordable housing at 553 Bonaccord Street; c) That staff be authorized to negotiate the specific terms and conditions of legal agreements with Peterborough Housing Corporation for the acquisition of housing units, the provision of funding, and to ensure affordable rents and selection of eligible tenants in a form satisfactory to the City’s Solicitor and the Commissioner of Community Services; d) That the Mayor and Clerk be authorized to execute agreements with Peterborough Housing Corporation in forms acceptable to the City Solicitor and the Commissioner of Community Services; and e) That the properties acquired be transferred into the ownership of the Government Business Enterprise, once established.