Ontario Fair Housing Plan makes inroads on housing affordability: CHF Canada
APR 20 CHF Canada attended the Ontario Fair Housing Plan announcement. The Ontario Region released a statement: Fair Housing Plan makes inroads on housing affordability.
The Plan was announced by Premier Kathleen Wynne, Minister of Finance Charles Souza and Minister of Housing Chris Ballard. The Plan includes actions to address demand for housing, and to protect renters and homebuyers. Two of the 16 actions are aimed at increasing the development of rental and affordable housing.
Here’s how today’s announcement affects housing co‑ops in Ontario:
- Surplus land use: This is very good news. We have long called for an “affordable housing first” approach to surplus government properties. This was Recommendation #2 in our Pre-Budget submission Moving from strategy to action: Time for progress on affordable housing. This opens the door for more co‑op housing to be built.
- $125 million program: This program is to make it more affordable to build purpose-built rentals in targeted communities most in need. Again, this could help in the development of more co‑op housing units.
As more details are made available, we will keep our members informed on how this new Plan will impact housing co‑ops in Ontario.