Federal agency says 1.6 million households are currently without accommodation they can afford or is adequate, but hitting target will depend on governments and the economy
Sean Kilpatrick/The Canadian Press
“We believe that everyone in Canada deserves a home that they can afford and that meets their needs. We also believe that we are in the best position to make that happen,” Evan Siddall, the corporation’s president, writes in an opening message in the document. “We are single-minded in striving toward this goal and it will guide our work in the coming years.”An estimated 1.
While the plan has received a mostly warm welcome from anti-homelessness and housing advocates, there are also some concerns that 100,000 new units spread over 10 years won’t be enough to reach the 2030 goal or help those in the greatest need. Over the next year, the federal housing corporation plans to give out some $2.4 billion in loans and funding as part of the strategy and to build 8,300 units, including 3,800 rental units, and repair 15,000 more.And it is also promising to hand out at least $100 million over three years to try new affordable-housing models through three large-scale experiments — either regional or national — and track how well other ideas are performing.
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