Right now, the construction in the Port Lands is part of the Flood Protection project which will protect a large area of downtown Toronto from flooding. In doing so, we’ll create Villiers Island and a new mouth for the Don River. The flood protection project does not include any development or buildings. When it is finished in 2024 development can start on Villiers Island.
The plan for Villiers Island is to build a mix of affordable and family-friendly housing. To achieve that goal, the Villiers Island Precinct Plan (adopted by Toronto City Council in 2017) includes an affordable housing strategy. At minimum, 20% of housing built on public land will be permanent and long-term affordable rental housing. You can find the Villiers Island precinct plan here.