The federal government has pledged to contribute $289 million to build a colourful new Toronto development that will house hundreds of rental co-op homes. Officials announced the funding commitment for the planned Kennedy Green Co-operative complex at 2444 Eglinton Ave. E. during a Friday ground breaking for the project. Within this broader initiative, funding for the project is being sourced from the $1.5 billion Co-operative Housing Development Program (CHDP). Chow noted that the complex will stand as "the largest co-operative housing development in Ontario and one of the largest in Canada," and noted the CreateTO-led project on City-owned land was also made possible through an over $35 million investment by the City. "We approved this project in record-breaking time and are delivering a more caring and affordable city," said Chow.