AFFORDABLE HOUSING Development- CALL FOR APPLICATIONS

Parliament and Gerrard Development Corporation, a partnership of The Daniels Corporation (‘Daniels”) and Toronto Community Housing Corporation (‘TCHC’) (jointly the ‘Owner’) is seeking applications from qualified affordable housing providers to purchase at-cost, the affordable housing component within a proposed mixed-use building located at 500 Dundas Street East in the heart of Regent Park. The selected Applicant will ultimately sign an Agreement of Purchase and Sale for stratified gross floor area dedicated to the creation of affordable housing with the Owner, and ultimately own, maintain and manage the units in perpetuity.

The partnership between Daniels and TCHC to revitalize 53 of 69 acres in the Regent Park neighbourhood, is recognized as a global gold standard for transforming challenged urban neighbourhoods into healthy, sustainable communities.

On completion, Daniels will have constructed approximately 5,800 homes in the community, including high rise and townhome market condominiums and purpose-built market rental apartments, in addition to rent-geared-to-income and affordable rental homes developed through its’ agreement with TCHC. At the core of the revitalization is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Beyond the physical infrastructure, the revitalization of Regent Park has been a catalyst for social and economic change with over 1600 people connected to employment opportunities through the Regent Park Employment Centre. Both Daniels and TCHC celebrate the life and vibrancy of the community through collaboration and partnerships with local organizations, businesses, and artists.

This process is not intended to create and will not create a formal, legally binding procurement. The Respondent acknowledges that this is not a call for tender or an offer to tender (often referred to as “Contract A”), nor does it obligate the Owner to enter a contract to carry out the project (often referred to as “Contract B”). No legal relationship or obligation will be created between the Respondents and the Owner by this Application Process until the successful negotiation and execution of a written agreement with the selected Applicant.

ABOUT THE DANIELS CORPORATION

The Daniels Corporation is an inclusive and fully integrated company creating vibrant communities since 1984. As one of Canada’s pre-eminent builders/developers, Daniels has built nearly 40,000 new homes across the Greater Toronto Area. Under the leadership of President and CEO, Mitchell Cohen and Chief Operating Officer, Jake Cohen, Daniels shapes master-planned communities with a keen focus on city building and social impact, driven by core values at every step.

For four decades, Daniels has been a beacon of community transformation. The company footprint extends beyond traditional home building, embracing communities that integrate mixed-use, mixed-income and fosters multi-generational living, along with cultural, institutional, commercial, and retail spaces. With projects spanning across the Greater Toronto Area, Daniels have maintained a commitment to building inclusive communities that offer a diverse range of housing options at all levels of the market – in ownership and rental, seniors, and student housing. Daniels planning centres on harmoniously integrating with the urban landscape, creating neighbourhoods that attract a diverse range of people, retailers, and commercial businesses.

ABOUT TORONTO COMMUNITY HOUSING CORPORATION (TCHC)

TCHC is the largest social housing provider in Canada and the second largest in North America, representing a $9 billion public asset. It is wholly owned by the City of Toronto and operates in a non-profit manner with a mission to provide clean, safe, well-maintained, affordable homes for residents. Through collaboration and with residents’ needs at the forefront, TCHC connects residents to services and opportunities, and helps foster great neighbourhoods where people can thrive.

TCHC houses tenants in 106 of Toronto’s 158 neighbourhoods, providing homes to over 43,000 low- and moderate-income households. TCHC’s 89,000 residents come from many different backgrounds with a diversity in age, education, language, mental and physical disability, religion, ethnicity and race.

APPLICATION TIMELINE

Information Session: May 14, 2024 at 10:30 A.M. (EST)
Question Submission Deadline: May 30, 2024
Application Assistance Session 1: May 24, 2024
Application Assistance Session 2: May 30, 2024
Submission Deadline: June 12, 2024 at 11:59 P.M. (EST)

STEP 1: Register Your Interest

Please register your interest in order to download application form for Step 5.

STEP 2: Attend the Information Session

STEP 3: Schedule a 1 on 1 Application Assistance Session

STEP 4: Have a Question? Please email us by May 30, 2024. 

STEP 5: Submit Completed Application

QUESTIONS?

Email affordablehousing@danielscorp.com

FAQS

Will there be an information session?

• Yes, there will be an information session hosted on May 14, 2024 from 10:30 – 12:30PM. We encourage all interested applicants to join us at this in-person meeting to learn more about the Call for Application and the development opportunity being presented. 

• Presentation materials and questions raised during the information session will be shared with registered applicants via email.

What if I have questions when filling out the application form?

• If you have questions regarding the application form itself, we’d encourage you to attend the information session, or sign up for one of our Application Assistance Sessions on May 24th and May 30th for a 30-minute timeslot between 9:00am to 1:00pm. Alternatively, you can also submit your questions here up to May 30, 2024. 

Do I need to attend this session?

• It is highly recommended that a representative from your organization attend the information session. It is not mandatory for eligibility.

Can I attach additional information to my application?

• Yes, if there is additional project or organizational information to be shared as part of the submission, these can be uploaded with your application to through the portal.

Are Daniels and TCHC asking that applicants purchase the floor area described in the RFP document, or can an organization rent from the Ownership group?

• This call for applications is strictly for purchase of the GFA (Gross Floor Area) associated with four (4) levels of the podium within a high-rise condominium building on the site. The successful applicant, on ownership of the space, may choose to create either affordable rental or affordable ownership units to be managed over the long-term.

Does funding need to be in place with this submission?

• Funding does not need to be in place at time of application submission, but financial statements along with a clear plan on how to achieve the funding necessary for purchase is requested as part of the submission package.

Can only non-profit organizations apply?

• To be eligible, applicants must be either a Non-Profit Organization (NPO) or similar non-commercial organization or a registered charity.

Can I partner with another organization for this submission?

• Yes, partnerships are welcome and encouraged.