The need to preserve and protect affordable rental housing in Toronto has never been greater. We are in the middle of a housing and homelessness crisis, which is worsened by COVID-19. The most immediate and cost-effective way to secure affordable housing in our community is for the Land Trust to purchase existing rental buildings before speculators do. The Land Trust removes housing from the speculative real estate market, bringing it into non-profit community ownership and committing to providing permanently affordable housing!
The Land Trust is taking concrete action to preserve affordable housing! To do this we need your support.
In 2019 community members contributed $41,000 to the Preserve and Protect Fund. With this support, the Land Trust successfully acquired a rental apartment building on Maynard Avenue, securing 15 units of permanently affordable housing!
In 2020 we need to raise $200,000 to enable the Land Trust hopes to acquire 1-3 more apartment buildings. Imagine having more permanently affordable housing in our community! Together we can preserve Parkdale and protect our neighbours.
The most significant factor in our ability to acquire property is the ability to act quickly. Once the property is secure, we can access other support including government grants and corporate donations to complete the purchase and develop the property according to Parkdale's needs. But without this Preserve and Protect Fund, we risk losing more housing. This has already happened with many properties that would have been incredible opportunities had we been able to move quickly.
Please support Parkdale's Neighbourhood Land Trust today!