What does TCHC mean in Non-Profit Organizations?

TCHC

Toronto Community Housing Corporation (TCHC) is a public housing agency in Toronto, Ontario. It is the largest social housing provider in Canada with over 58,000 units across 2,100 buildings and approximately 105,000 residents. It is the second-largest housing provider in North America, behind the New York City Housing Authority.TCHC is a municipal corporation of the City of Toronto, representing a $10 billion public asset. It operates as a non-profit with most of its operating funding coming from the residents' rental payments and subsidies from the City of Toronto. The remainder of funding comes from renting commercial spaces, parking, laundry, cable, and income from other investments. The City of Toronto is the sole shareholder of TCHC and appoints a board of directors to manage and monitor the TCHC performance. The Board includes two city councillors, a mayor or mayoral representative, three tenant directors and seven citizen members. TCHC’s mission is to provide safe, clean, and affordable homes for its residents. TCHC connects residents to services and opportunities according to various needs to help create neighbourhoods where everyone can thrive. TCHC is a 2022 Greater Toronto’s Top Employers winner. TCHC was also named one of Canada’s Top 100 Employers by Mediacorp Canada’s Inc in 2009 and 2011.

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