Over the past decade, the City, in the face of growing housing needs and a lack of a coordinated strategy between various levels of government, has significantly increased its investment in affordable housing. To illustrate this point, capital funding (not including in-kind housing units secured) for affordable housing increased from $18 million/year during the 2009 to 2011 Capital Plan to $48 million/year during the 2015-2018 Capital Plan. Alongside this capital investment, the City has innovated and implemented policies and programs to increase the supply of secured market rental housing. This includes provision of development incentives for the creation of 100% rental housing which has resulted in the City tripling its delivery of secured market rental units in the last five years; from an average of 350 rental units per year from 2008 to 2012 to 1,100 rental units per year from 2013 to 2017. More recently, the City has launched the Moderate Income Rental Housing Pilot Program which seeks to incentivize below-market rental housing. The Strategy is to inform the partners of the City’s strategic direction in delivering affordable housing over the next 10 years, clarifying future partnership opportunities. The Strategy proposes a new consolidated delivery structure in the form of a proposed Affordable Housing Endowment Fund (the Fund), supported by five key directions to shift our delivery mechanisms to achieve the 12,000 units of social and supportive housing (including co-op housing) over the next ten years.