Sentences with phrase «term affordable rental units»
Launched «Neighbors for Neighborhoods» in August 2016, a $ 4 million pilot program that will enable land banks to provide subsidies for local community members to take over individual, abandoned properties and convert them into long - term affordable rental units.
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Banning them from short - term rentals was meant to preserve scarcely affordable units for Toronto's ultratight long - term rental market, which has a vacancy rate of less than 1 percent.