Prime Minister Justin Trudeau announces creation of $1.5-billion rental protection fund to help non-profits buy affordable rental apartments when they go up for sale
It’s good to see some kinda/sorta/almost direct spending on affordable housing being announced:
Prime Minister Justin Trudeau announced the creation of a $1.5-billion rental protection fund that will provide a combination of loans and grants to help non-profits buy affordable rental apartments when they go up for sale.
It’s nowhere near enough, but it’s better than the neoliberal tHe FrEe MaRkEt WiLl SaVe Us shoveling that both the Liberals and Conservatives have been pushing.
The article explains how the number of homes affordable to people making $30k annually is crashing across the country (but less so in Quebec).
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I like this part! This is how housing should be: sold by non-profits.
The stats on other countries is eye opening. We’ve left housing to the private sector for too long.
Almost like a home should just be a home, not an investment. Weird, right?
Hmmm. Now what taxes would have to change to make that happen?