Urban Land Institute - January 04, 2021
Note: Something happened when the ULI website updated that cut off the original press release title on their site. The title above is correct as originally created.
Published in: Construct Connect
The city of Toronto should take action and develop a long-term housing strategy to retrofit more than 800 private rental towers to create sustainable buildings, according to a report released by ULI Advisory Services.
The report is based on recommendations from an Advisory Services panel of sustainability and affordable housing experts convened last February on how the city of Toronto can retrofit the aging buildings to reduce their carbon emissions and be resilient to climate risks while maintaining affordable rents.
The panel was sponsored by the city of Toronto in partnership with the Tower Renewal Partnership and with generous support from the ULI Foundation.
ULI members can access this report on Knowledge Finder.
The panel’s visit, which took place February 23–28, 2020, featured site tours to some of the housing towers as well as interviews with a variety of stakeholders in the community. Initial recommendations were made at the time of the panel visit that have now been followed up in more detail in a comprehensive report.
The panel recommended that the city:
The panel was led by ULI member Jim Heid, founder of UrbanGreen, based in Healdsburg, California. “This Advisory Services panel was a complex and timely endeavor,” he said. “The role these towers play in housing so many of the city’s moderate-income families—and the need to assure they are safe and healthy places to live—means renewal is a necessity, not an option. Like so many other complicated legacy issues, success will require strong and steady leadership, a long-term view, and the commitment of significant public and private financial resources.”
Heid was joined on the panel by Brad Dockser, chief executive officer, Green Generation, Bethesda, Maryland; Billy Grayson, executive director, Center for Sustainability and Economic Performance, Urban Land Institute, Washington, D.C.; Purnima Kapur, former executive director, New York City Department of City Planning and adjunct lecturer at Columbia University’s Graduate School of Planning and Architecture, New York; Bill Lashbrook, retired former senior vice president, PNC Real Estate, Hopewell, New Jersey; Laura London, associate director, real estate development, Arlington Partnership for Affordable Housing, Arlington County, Virginia; and Elizabeth Propp, senior vice president, investments and acquisitions, Community Preservation Corporation, New York.
For more than 70 years, the Institute’s Advisory Services program has assembled ULI members who are experts in the fields of real estate development and land use to advise communities facing complex urban development challenges.
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