Dumped on the city by former premier MIKE HARRIS and his Progressive Conservatives a couple of decades ago, Toronto Community Housing Corp. (TCHC) is now in way over its head.
– home to 110,000 tenants
– number of properties – 2,100
– massive repair backlog
– broken units closed, communities fractured
– bouts of poor management
– projected repairs – $1.6-billion over 10 years
– value of public assets owned by TCHC – about $9-billion