Iler Campbell LLP is proud to have supported the transfer of 756 units from Toronto Community Housing Corporation to the Neighbourhood Land Trust (NLT) and Circle Community LandTrust (CCLT). This large-scale transaction, which included corporate, real estate, municipal, and financing components, is part of the City of Toronto’s “Tenant’s First” program which is focused on improving access to services and housing for tenants.
NLT and CCLT are focused on ensuring they are successful in maintaining custody of these homes and ensuring perpetual affordability. Their work, however, has just started.
We continue to support NLT and CCLT as they embark on their ambitious repair programs supported by the Canada Mortgage and Housing Corporation. The land trusts are leveraging their repair program plans to generate even more community benefits, including supporting local trades and social enterprises. Notably, NLT is committed to increasing employment and training opportunities for community members and those who experience barriers to employment in the construction industry. We also continue to assist the land trusts with the implementation of their social housing programs, tenancy matters, governance, and more.
Read more about the transaction, and those behind it, in this blog post by Heather Tremain, the Chair of the CCLT board of directors and CEO of Options for Homes.
