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Mississauga Liberal Candidates Tour Local Housing Co-op

Toronto, Ontario, September 14, 2015 -On Thursday, September 17th, Mississauga Liberal candidates will be touring Meadows Housing Co‑operative to discuss their expired federal operating agreement and withdrawal of funds for their low-income members.

Today, approximately 7,000 Ontario housing co‑op households depend on federal rent-geared-to-income (RGI) housing assistance to pay their rent. When the subsidies end, these vulnerable households could be uprooted from their good quality affordable co‑op homes, and the co‑ops will lose long-term members that contribute significantly to their vibrant, mixed-income communities. The federal government has made no commitment to continue the funding while the Greens, Liberals, and NDP have vowed to renew the funding agreements.

The federal funding necessary to maintain existing affordable co‑op homes is quite modest, estimated at $9.5 million over the next five years across Ontario.

When: Thursday, September 17, 2015 at 11:00am EST

Who: Federal Liberal Candidates for Mississauga:

  • Navdeep Bains, Mississauga – Malton
  • Peter Fonseca Mississauga East – Cooksville
  • Iqra Khalid Mississauga – Erin Mills
  • Gagan Sikand, Mississauga – Streetsville

Where: Meadows Co‑operative Housing, 6680 Shelter Bay Road, Mississauga

Statement from Meadows Co‑operative Homes:

The Meadows has just celebrated its 35th anniversary and is now mortgage-free. With the end of its mortgage and operating agreement with the Federal Government however, support for our low-income members also ended.

Faced with the real possibility that eight or nine of our most vulnerable members would need to find alternative accommodation, an almost impossible task when considering their income, the members of the Meadows, in true co‑operative spirit, voted to continue to support our rent-geared-to-income initiative from its operating budget. This will result in delays to much-needed work on our ageing infrastructure, but we felt that it was important to support our neighbours.

There are many housing co‑ops that are not in a financial position to follow our lead and it is imperative that funds are made available from Federal or Provincial Governments to provide continued support for Co‑ops beyond the end of their operating agreements.

For more information:

Aaron Denhartog, Government Relations Program Manager, Co‑operative Housing Federation of Canada, Ontario Region
416-717-4330 (cell)
adenhartog@chfcanada.coop

Information on the nation-wide You Hold the Key: Vote Co‑op Housing election campaign can be found at www.votecoophousing.ca.