Report recommendation(s)
That the Community Services Committee recommend that Council delegate authority to the Director, Housing and Homelessness Services, to:
- Negotiate and execute service agreements under the Housing Services Act, 2011 for the administration and funding of projects designated under Ontario Regulation 367/11 to operate as Part VII.1 housing projects, in accordance with the framework outlined in this report;
- Approve mortgage refinancing for new capital repair projects for Part VII.1 housing projects with expired mortgages, where necessary, provided that the outcome is revenue neutral to the City of Ottawa, with approval from the City Treasurer;
- Retain and redirect savings from expired mortgages and apply these annual savings to operational and capital shortfalls within new Part VII.1 projects; and
- Negotiate and execute exit agreements as permitted under the Housing Services Act, 2011 and subject to the requirements outlined in this report.