Beach Metro Community News November 28, 2023

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November 28, 2023

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Santa makes his arrival in the Beach

Donations needed for Share A Christmas

PHOTO: ERIN HORROCKS-POPE

Santa Claus had a busy seven days in the Beach last week. On Sunday, Nov. 19, he was the star attraction at the Beaches Santa Claus Parade along Kingston Road where he is seen above waving to the crowd. On Saturday, Nov. 25, he was back for Santa In The Beach at Kew Gardens. For more photos from both events, please see Page 2.

Federal funding for rental units in local projects already under construction or built announced By Amarachi Amadike, Journalism Initiative Reporter

Local

THE FEDERAL government announced a $1.2 billion investment to build 2,644 rental homes in Toronto earlier this month. The funding, which comes courtesy of the Canada Mortgage and Housing Corporation’s Rental Construction Financing Initiative (RCFI), was announced on Nov. 14 and will be distributed to seven developments, including three in East Toronto, as fully repayable low-interest loans. With the recent reports of the federal government joining ongoing talks between Mayor Olivia Chow and Premier Doug Ford as part of the New Deal Working Group, the announcement appears to have come at a favourable time for Toronto Council.

As the city continues to seek funding for desperately needed affordable rental units, residents are hoping these low-interest loans will make a dent in the Toronto’s plan to create 65,000 new affordable units by 2030. Although the loans were described as funding for “new” projects, it appears some of the developments, including the 68 rental units in a building at 650 Kingston Rd. at Main Street, have already been constructed or are nearing completion. As of October 2022, the building at 650 Kingston Rd., which provides 19 affordable units, was almost fully occupied with “only three or four units stillavailableforrent”accordingtothe developer. Similarly, the building at 1555 Queen St. E. which is being developed by Toronto Community Hous-

ing Corporation (TCHC), Context and RioCan has already been fully financed “with no amendments or additions” to the TCHC portion of the building. “None of the funding is coming to TCHC,” said a TCHC spokesperson in response to a question from Beach Metro Community News. “The funding loan in question will go directly to our development partner, Context-RioCan for the funding of rental housing in the Market Building that will also be on the property.” Beach Metro Community News reached out to the developers of the buildings in question for information about the specifics of their allocated funds but got no response. Beach Metro Community News also reached out to TorontoDanforth Councillor Paula Fletcher and Beaches-East York Councillor

Brad Bradford for their thoughts on the federal loans, but did not receive a response before our press deadline. However, WoodGreen Community Services Vice-President, Mwarigha, was able to help shed some light as to why rental buildings that are already constructed or nearly completed might be part of the federal government’s loan funding announcement. “For you to get CMHC (Canada Mortgage and Housing Corporation) money today, you have to have the front end of the investment – the downpayment money,” he explained. “You have to put your money in first in order for them to give you money to support your mortgage.” Mwarigha said that the buildings in question possibly don’t need conContinued on Page 4

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COMMUNITY CENTRE 55’s annual Share A Christmas Program is now seeking community donations to help close to 1,000 local families in need during this holiday season. Now in its 42nd year, the Share A Christmas Program is collecting financial donations, gift card donations, and donations of new unwrapped toys for distribution in the community next month. As in the past three years, the program will be distributing grocery store gift cards to families instead of hampers of food which was done prior to the COVID-19 pandemic. To that end, monetary donations are most needed by Community Centre 55 as it uses the money to buy the grocery store gift cards. Financial donations can be made in person at Community Centre 55, 97 Main St., or online at www. centre55.com. Donations of new unwrapped toys and gift cards will be welcomed at Community Centre 55. Volunteers will also be needed to help pack a deliver the toy donations on Dec. 18 and 19. The sorting and packing of toys on Dec. 18 takes place from 6 p.m. to 8:30 p.m. at Community Centre 55. On Dec. 19, volunteers are needed to help with a final packing and then to deliver the toys to the families registered to receive them. Delivery takes place from 10 a.m. to 2 p.m. For info on volunteering for or making a donation to Share A Christmas, please contact Community Centre 55 at www.centre55. com or call 416-691-1113.

Voting Day for the Scarborough Southwest Byelection is Thursday, Nov. 30. See our coverage online that night at www.beachmetro.com


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