{"id":384734,"date":"2020-11-19T06:33:09","date_gmt":"2020-11-19T11:33:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384734"},"modified":"2020-11-19T06:33:09","modified_gmt":"2020-11-19T11:33:09","slug":"co-operative-housing-federation-of-canada-joins-toronto-based-affordable-housing-land-trust","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/co-operative-housing-federation-of-canada-joins-toronto-based-affordable-housing-land-trust\/","title":{"rendered":"Co-operative Housing Federation of Canada joins Toronto-based affordable housing land trust"},"content":{"rendered":"<h2>\nNew partner bolsters expertise to bring more affordable housing options to residents<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>TORONTO, Nov.  19, 2020  (GLOBE NEWSWIRE) &#8212; In May 2020, Community Affordable Housing Solutions (CAHS) was incorporated as a federally registered not-for-profit corporation dedicated to creating new affordable housing options and innovative solutions. Today, in advance of National Housing Day (Nov. 22, 2020), the nonprofit is announcing that The Co-operative Housing Federation of Canada (CHF Canada) is joining CAHS to help diversify the organization\u2019s affordable housing offerings.\u00a0<\/p>\n<p>In 2019, St. Clare\u2019s Multifaith Housing Society (St. Clare\u2019s) and Habitat for Humanity GTA (Habitat GTA) negotiated a historic $17 million contribution seeded by Toronto developers to launch an affordable housing land trust. The trust was initially created through a collaboration between Toronto developers Capital Developments and Metropia, the City of Toronto, Habitat GTA, St. Clare\u2019s, and community group Build a Better Bloor Dufferin, in order to deliver community benefit from the new 2,200 unit development planned at Bloor &amp; Dufferin.<\/p>\n<p>This joint venture partnership brings together organizations representing different community housing models working towards a common goal of increasing affordable housing supply. The three organizations (CHF Canada, Habitat GTA, and St. Clare\u2019s) will be permanent members of CAHS and have each appointed three representatives to the board of directors, who will steward the creation of a variety of strategic affordable housing initiatives.<\/p>\n<p>\u201cSince the land trust is focused on delivering more new affordable housing through innovative solutions, we are excited to bring co-op housing into the mix,\u201d said Joshua Benard, Board Member, CAHS and VP, Real Estate Development, Habitat for Humanity GTA. \u201cWe are proud to welcome CHF Canada to CAHS so we can help more residents through a broad range of affordable housing options.\u201d \u00a0<\/p>\n<p>\u201cCHF Canada is excited to be a part of this promising initiative,\u201d said Tom Clement, Board Member, CAHS and Executive Director, Co-operative Housing Federation of Toronto. \u201cCo-operative housing is a proven and popular form of affordable housing. Co-operative housing also has a long history with land trusts and has grown in recent years thanks to their innovative work.&#8221;<\/p>\n<p>&#8220;As the City&#8217;s Housing Advocate and Chair of the Planning and Housing Committee, as well as the City Councillor for the area where this land trust has been created, I am pleased to see the Co-operative Housing Federation of Canada join as a partner,\u201d said Ana Bail\u00e3o, Deputy Mayor and Councillor for Ward 9, Davenport. \u201cI have always maintained that we need to work together if we are to deliver the affordable housing we need and the land trust is an excellent example of this cooperation at work.&#8221;\u00a0<\/p>\n<p>\n        <b>About Community Affordable Housing Solutions:<\/b>\n      <\/p>\n<p> Community Affordable Housing Solutions (CAHS) is an expansion driven not-for-profit with the goal of creating a broad range of affordable housing options for Canadians. A partnership among Habitat for Humanity Greater Toronto Area, St. Clare&#8217;s Multifaith Housing Society, and the Co-operative Housing Federation of Canada, its founding members have over 100 years of combined experience in the affordable housing sector. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=33dPhT9wJQeeqcWjfhJvhYj0iYmsgogja2GiIuwDlaJLfp84FYlbC7TnFcaYPuNzPL4cNzYeOqxwMI4GJcl6zc-ylCQ1dhJNxw8bDGSHevg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/cahsolutions.ca\/<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODc3MCMzODM0NTU4IzIxMjU0MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/af8d4ad6-54a5-449f-b19d-529c3eb8e27f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Noah Kravitz\r\nHabitat for Humanity Greater Toronto Area\r\n6478286171\r\nnoah.kravitz@habitatgta.ca\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New partner bolsters expertise to bring more affordable housing options to residents TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; In May 2020, Community Affordable Housing Solutions (CAHS) was incorporated as a federally registered not-for-profit corporation dedicated to creating new affordable housing options and innovative solutions. Today, in advance of National Housing Day (Nov. 22, 2020), the nonprofit is announcing that The Co-operative Housing Federation of Canada (CHF Canada) is joining CAHS to help diversify the organization\u2019s affordable housing offerings.\u00a0 In 2019, St. Clare\u2019s Multifaith Housing Society (St. Clare\u2019s) and Habitat for Humanity GTA (Habitat GTA) negotiated a historic $17 million contribution seeded by Toronto developers to launch an affordable housing land trust. The trust was initially created through a collaboration &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/co-operative-housing-federation-of-canada-joins-toronto-based-affordable-housing-land-trust\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Co-operative Housing Federation of Canada joins Toronto-based affordable housing land trust&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384734","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Co-operative Housing Federation of Canada joins Toronto-based affordable housing land trust - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/co-operative-housing-federation-of-canada-joins-toronto-based-affordable-housing-land-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Co-operative Housing Federation of Canada joins Toronto-based affordable housing land trust - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New partner bolsters expertise to bring more affordable housing options to residents TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; In May 2020, Community Affordable Housing Solutions (CAHS) was incorporated as a federally registered not-for-profit corporation dedicated to creating new affordable housing options and innovative solutions. Today, in advance of National Housing Day (Nov. 22, 2020), the nonprofit is announcing that The Co-operative Housing Federation of Canada (CHF Canada) is joining CAHS to help diversify the organization\u2019s affordable housing offerings.\u00a0 In 2019, St. Clare\u2019s Multifaith Housing Society (St. Clare\u2019s) and Habitat for Humanity GTA (Habitat GTA) negotiated a historic $17 million contribution seeded by Toronto developers to launch an affordable housing land trust. 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