Alternative Federal Budget 2017: Housing and Neighbourhoods

The Canadian Centre for Policy Alternatives (CCPA) is urging the federal government to table a budget that makes good on its promises to reduce income inequality and drive inclusive growth.

A strong federal government role in creating affordable housing is vital for multiple reasons. First, low-income households (particularly households relying on social assistance) simply can’t afford the monthly rent required of most types of housing on the private market. Second, high-growth areas of cities (especially new suburbs) can’t rely on private developers to create apartment units needed by workers (who in turn are needed by those same communities, especially in the service sector). Third, it’s important that non-profit entities own and operate housing, as non-profit ownership keeps rent levels down over the long term and creates public assets in the process. Finally, when it comes to vulnerable subpopulations (including persons with mental health problems, persons living with HIV/ AIDS, and seniors), non-profit entities are effective at creating buildings that can foster community development.

Publication Date: 
2017
Location: 
Canada