Directing staff to provide up to $1 million unsecured loan to Thrive Housing and Support
General Committee makes recommendations; City Council makes the final decision.
Council approved this on August 11, 2025 as part of its consent agenda, without a separate vote. See the consent vote →
Councillor Votes
Full Resolution Text
That Council approve the recommendations outlined in Report CSSS25-009, dated August 5, 2025 of the Commissioner of Community Services, as follows: a) That Council direct staff to proceed with the making of an unsecured loan of up to $1 million in repayable funding for Thrive Housing and Support (“Thrive”), with a repayment plan following the end of the current mortgage on January 1, 2028, subject to a satisfactory pro forma review; b) That the Commissioner of Community Services be delegated authority to approve the unsecured loan, being payable from the Housing Reserve, including the terms and conditions of the loan and any required security; and c) That the Commissioner of Community Services be authorized to do such things as necessary to give effect to recommendations a) and b), on terms acceptable to the Commissioner in consultation with the Manager of Housing, and in a form acceptable to the City Solicitor.