TRREB’s Housing Affordability Working Group recently met with representatives from WoodGreen, Toronto’s largest non-municipal affordable housing provider, to learn about a new proposal to improve how non-profit and purpose-built rental housing is delivered in the GTA and across the province.
The proposal focuses on creating an Affordable Housing Revolving Fund, a model that offers low-interest loans to cover early-stage development costs for housing projects. These costs often include planning approvals, design work, and studies needed before construction can begin—expenses that can be difficult for non-profit developers to finance. WoodGreen aims to accelerate timelines for shovel-ready projects and help increase the supply of affordable and rental housing across the city.
TRREB continues collaborating with industry stakeholders to explore how new financial tools could help address ongoing housing supply challenges across the housing spectrum. With rental demand expected to rise in the coming years, innovative approaches like this can unlock more housing opportunities for residents across the GTA. New funding models for affordable housing strengthen the broader municipal planning and approval systems that all housing projects depend on.
TRREB will continue working with partners to advance solutions that support our shared goals of increasing housing supply and improving affordability.