Federal budget follow up - March 27, 2016

Federal Budget Follow-up: questions from members

Everyone is anxious to know more about how the federal government plans to roll out the housing investments announced in Tuesday’s budget. Most of us are still absorbing the news that Ottawa is back at the housing table in a meaningful way for the first time in two decades.

The most urgent questions are coming from members who want to know how and when the $30 million targeted to rent subsidies will be delivered. We understand how pressing this is for the co-ops concerned.

Here’s exactly what the budget says:

As these [federal program operating] agreements expire, some federally administered social housing providers may struggle to continue serving low-income households without increasing rental rates. Budget 2016 proposes to reallocate $30 million over two years, starting in 2016-17, to help these providers maintain rent-geared-to-income for households living in social housing.

This is welcome news as long as the terms and conditions of delivery are reasonable. Ideally, it will give us just the window we need to secure a provincially delivered rent supplement program for low-income co-op members from the BC government.

CHF BC and CHF Canada are working very hard together to confirm the details of the budget announcement. As always there will be a lag between the budget speech and the flow of any money, but we will do our best to shorten that delay.

We will be in touch with our members to share more news as soon as it becomes available. In the meantime, we continue to advocate on  your behalf and on behalf of co-op communities everywhere.

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