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  2. $26.8 Million in Community Benefits Coming with Regent Park Phase 4 and 5 Revitalization

$26.8 Million in Community Benefits Coming with Regent Park Phase 4 and 5 Revitalization

I am pleased to share an important update on the Regent Park revitalization and a major investment secured for the community. Toronto Community Housing and Tridel have finalized a Community Benefits Agreement for Phases 4 and 5 of the Regent Park revitalization. Through this agreement, 26.8 million dollars will be invested directly into programs and supports for Regent Park residents.

More than 1,000 Regent Park residents voted to decide how these funds should be used. The package selected by residents places a strong focus on education, employment, and community spaces. The funding will support post secondary scholarships for Regent Park tenants, new and improved community spaces in revitalized buildings, job training and employment supports for local residents, wage funding tied to revitalization related jobs, and grants for community led initiatives such as youth programs, seniors supports, and neighbourhood events.

This Community Benefits Agreement ensures that revitalization delivers tangible, long term benefits for the people who call Regent Park home. I want to thank residents for their leadership and engagement throughout this process. I will continue working with Toronto Community Housing, Tridel, and community partners to ensure these investments are delivered transparently and equitably.

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