Currently in Ontario, at least 16,000 individuals with developmental disabilities are awaiting appropriate housing, and 90% of those with intellectual and developmental disabilities are on ODSP. They can only have a maximum $497 in rent. The only way that those rent calculations can make any sense is with the support of government.
Reena is in the process of building our newest intentional community residence, the Frankfort Family Reena Residence in Toronto. For those of you familiar with Toronto, it's near the Allen expressway and Eglinton. It's a 19-storey building that will house 160 individuals of diverse needs. The total projected budget is $75 million and, in order to make the units affordable, we're looking at about $20 million to come from various governments and an extra $5.5 million that we already have from City of Toronto waivers. As well as that, CMHC, with their low mortgage rates, makes it affordable and allows us to get down to those numbers.
To the point that the previous witness made vis-à-vis accessibility and mistakes made, there are also various strangenesses in the building codes throughout the municipalities. It's obviously not an issue here, but I will tell you that one of the reasons that Reena builds our own is that we know what the individuals we support need in terms of their support, and no one else can build to those standards.
Thank you very much.