News Summary

The Regent Park Revitalization project in Toronto has commenced its next phase with the groundbreaking of 271 affordable homes. This initiative, led by Toronto Community Housing and its partner Tridel, is a significant part of transforming Toronto’s downtown east into a mixed-income community. The new 26-storey tower will include 136 replacement rent-geared-to-income (RGI) homes and 135 net-new affordable rental homes, complemented by new indoor and outdoor community spaces. The project benefits from a capital investment of over $219 million, with contributions from the City of Toronto, the Government of Canada’s Affordable Housing Fund, and Toronto Community Housing Corporation. The Regent Park Revitalization has already delivered more than 6,000 homes in its previous phases, and this new phase continues the effort to increase affordable housing in the area.