In 2020, Toronto Community Housing Corporation (TCHC) selected Tridel as its developer partner for Phases 4 and 5 of the Regent Park Revitalization following an open public procurement process.
One of the most important features of Tridel’s proposal was their commitment to a $26.8-million community benefits package that will benefit TCHC tenants and residents of Regent Park.
In April 2023, TCHC launched a community engagement process in Regent Park that was co-designed with the Community Benefits Oversight Working Group (CBOWG) and Tridel, facilitated by Monumental Consulting, specialists in equitable city-building and participatory design.
The Community Benefits engagement process (the “process”) will directly engage Regent Park TCHC tenants and market residents to identify their priorities, understand which community benefits are important to them, and help determine the allocation of $26.8 million in benefits made possible through phases 4 and 5 of the Regent Park revitalization.
The process prioritizes resident needs and wants, taking into account some of the earlier research and priority areas identified by the community as essential to improving the neighbourhood and contributing to social and economic cohesion and inclusion. This includes prioritization of employment and training opportunities, scholarships, investments in community programs and other social development-related initiatives.
Input received from the community will help to inform a Community Benefits Agreement (CBA) that will create meaningful pathways for the socioeconomic transformation of Regent Park.
Thank you to all residents who participated in our engagement activities and had their say on how they would like to invest $26.8 million for the socioeconomic benefit of the Regent Park community over the next 10 to 15 years. We have assessed your feedback and package options will be brought back to the community for a vote in a process that is anticipated to launch in spring 2024.
More information on the voting process will be available in the coming months.