Artscape, the #Toronto non-profit arts organization that manages several major galleries & studio spaces in addition to leasing affordable housing units to artists has announced it can no longer make its debt payments and is entering receivership.
As per the Globe & Mail, the TD Bank was an #Artscape lender & likely the one who took steps to put Artscape into receivership.
"I'm very saddened, and concerned, about the news that Artscape has been placed into receivership. I’m actively looking into what needs to be done to support the city facilities they operate (including the Wychwood Barns) and to protect artists’ homes. -Cllr Josh Matlow
Application window for #Phoenix housing vouchers to open next month. Starting on Sept. 12, people will have a chance to join Phoenix's waitlist for housing vouchers for the first time since 2016. #AffordableHousing
One developer says, “"If people can't afford it, they should not live in the city. The city is made for the privileged.”
Wow. But not a surprising attitude among the very wealthy.
The smartest voice for #AffordableHousing in #Canada right now is Dr. Mike Moffat - @mikemoffat - and this latest article from him needs to be studied by Minister of Housing Sean Fraser.
Many office buildings have been left empty since the start of the pandemic. To make them into housing, they might need new windows, altered HVAC systems and rewiring of electrical systems.
As many as 31,000 homes have been taken off the long-term housing market and converted to short-term rentals in Canada, according to Wachsmuth’s 2020 study.
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landlords, their defenders can’t defend the indefensible: rents soaring 92% in last decade
squeezes working class tenants while corporate landlords like Essex ($408-million 2022 profits), Equity ($807-million), Avalon Bay ($1.1-billion) enrich billionaire class