"Past success story: United Way and Co-operative Housing Federation collaborate effectively"
A comprehensive plan to address Ontario's housing crisis has been unveiled by United Way Greater Toronto (UWGT) and the Co-operative Housing Federation of Canada (CHF Canada) in their report titled "Built for Good". The plan aims to create stable homes for thousands, generate jobs, and relieve pressure on public systems like healthcare and emergency shelters.
The plan proposes a $16.7 billion investment over two years to jumpstart a province-wide affordable housing strategy. This investment will be used to preserve and repair 65,000 existing affordable homes and build an additional 15,150 deeply affordable homes. Furthermore, the plan suggests providing rental assistance to 170,000 low-income households.
The focus of the plan is on non-profit partners and co-op housing providers for long-term affordability for low-, moderate-, and middle-income households. This approach is evident in a housing development in Burlington, ON, near the St Lawrence market, which is a mix of co-operative houses, market-priced homes, and condominiums. This housing development was funded and realized by a partnership involving the Co-operative Housing Federation of Toronto (CHFT), the City of Toronto, and other community stakeholders; they secured a funding amount of CAD 19 million for the project.
The report also urges all levels of government to treat affordable housing as critical infrastructure. This is crucial, given that nearly 400,000 households will require housing support by 2030, and over 55,000 affordable homes are at risk of being lost without investment.
Heather McDonald, President and CEO of United Way Greater Toronto, stated that the plan opens the door to opportunities for real progress. Tim Ross, CEO of Co-operative Housing Federation of Canada, Ontario Region, stated that the co-op housing sector is ready and able to deliver affordable homes.
The report further plans to develop 8,250 moderately affordable homes. Many cooperative housing projects are ready to start but need funding to break ground. The housing crisis in Ontario is significant, but the report provides a clear path to deliver more homes that meaningfully address the issue.
In conclusion, the "Built for Good" report offers a comprehensive and practical approach to addressing the housing crisis in Ontario. The plan's focus on preserving existing affordable homes, building new ones, and providing rental assistance to low-income households, combined with the emphasis on treating affordable housing as critical infrastructure, makes it a promising solution to the province's housing woes.
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