Toronto Community Housing manages 60,000 social housing units with an average age of 39 years, requiring $650 million in capital investments between 2002-2008 and an estimated $900 million needed between 2009-2019. To address the growing capital investment needs, Toronto Community Housing developed a three-part strategy including investing in energy efficiency to reduce costs, leveraging assets and cash flows through redevelopment, and funding repairs and re-capitalization. This strategy has allowed them to access low-cost capital through corporate bond placements to fund their social housing expenditures.

1. Financing social housing expenditures Derek Ballantyne

10. Housing provider A: Cash flow / need access to capital B: No cash flow / Capital investment can yield positive return (e.g. energy) C: No cash flow / No positive return on investment Capital / debt Funders

11. Proposed Ontario financial facility

12. torontohousing.ca