Toronto Community Housing is Canada’s largest social housing provider and, after New York City, the second largest in North America. It is home to 164,000 tenants in 58,500 households—about six per cent of Toronto’s population. Tenants reflect the city’s diversity, which includes age, education, language, sexual orientation, mental and physical abilities, religion, ethnicity and race, as well as an increasing diversity in lifestyles and values. Its housing portfolio consists of high-, mid- and low-rise apartment buildings, town homes, and detached and semi-detached houses.
Toronto Community Housing completed its first-ever bond offering through a $250-million private placement, which has been used to fund significant development and redevelopment programs. Subsequently, Toronto Community Housing established a joint venture partnership with Corix Utilities Inc. to develop and operate a district energy facility for the Regent Park Development Project. In February 2010, Toronto Community Housing completed a second bond offering that raised an additional $200 million to fund ongoing development and redevelopment programs. For each transaction, it engaged Morrison Park Advisors as its sole financial advisor.