Let's support social housing
Funding for social housing in Canada is disappearing.
In Canada, more than 620 000 social housing units, almost all were created between 1970 and 1994, were provided through long-term agreements with social housing providers ranging in length from 25 to 50 years. These agreements allowed providers to financially support their tenants so that they only had to spend about 30% of their monthly income on rent.
However, in recent years, the federal government has cut several million dollars from social housing through the non-renewal of a number of long-term operating agreements established between social housing providers and the Canada Mortgage and Housing Corporation (CMHC). As a result, by 2030, it is expected that more than 1.7 billion dollars will have been lost. This figure amounts to nearly 85% of the federal housing budget.
NDP Housing Critic Marjolaine Boutin-Sweet recently introduced the motion M-53 in the House of Commons in order to ask the government to maintain and enlarge the federal investment in social housing.
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