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The Challenge
Arguments will be made that many non-profit providers should be able to find the resources necessary to replace the government funding from their mortgage savings. However, it is clear from most analyses that mortgage savings alone will not allow many providers to keep present ratios of RGI assistance, refinance for future needs and keep break even housing charges at existing levels of affordability, all at the same time.
The Opportunity
After the end of the operating agreements, new partnerships can be developed between government and housing providers. Through these partnerships and programs, we have an opportunity to not only ensure the continued provision of affordable housing but also to increase the capacity of the co-op and non-profit sectors to actually increase the number of affordable homes across Canada. 658 Danforth Avenue, Suite 306, Toronto, Ontario M4J 5B9 Telephone: (416) 465-8688 Fax: (416) 465-8337 E-mail: info@coophousing.com Web site: www.coophousing.com
Taking Action
We need to work together to create a campaign for affordable co-op and non-profit housing in the post-agreement period. This is an invitation to all co-ops and co-op members to take part. What you can do: Discuss this issue in your co-op, with your board and at your members meetings. Share your ideas and give us your feedback on this discussion paper. Sign up to receive further information and action alerts.
658 Danforth Avenue, Suite 306, Toronto, Ontario M4J 5B9 Telephone: (416) 465-8688 Fax: (416) 465-8337 E-mail: info@coophousing.com Web site: www.coophousing.com