Discussion · Government Orders
Caroline Desrochers Liberal
“We announced $1.5 billion today to buy and protect affordable rental homes so rents do not go up after renovations. We have also signed deals with 19 provinces and groups to build more affordable homes. We changed the definition of affordable housing so costs do not take more than 30 percent of a family's income.”
“Mr. Speaker, that is an excellent question. We actually just made an announcement today regarding the Canada rental protection fund. We have now opened applications for the Canadian housing acquisition fund, which will preserve existing affordable housing to ensure that it is not put back on the market at a higher rent after being renovated. We are investing $1.5 billion in the Canadian housing acquisition fund. This is, of course, in addition to everything else we are doing through Build Canada Homes. We have already signed agreements with 19 provinces, agencies and organizations to build affordable housing across Canada. We are talking about social housing and affordable housing. We also changed the definition of affordable housing to lower the threshold to 30% of a family’s income, to ensure that Canadian families can afford housing that meets their needs and fits their budget.”
Mr. Speaker, that is an excellent question. We actually just made an announcement today regarding the Canada rental protection fund. We have now opened applications for the Canadian housing acquisition fund, which will preserve existing affordable housing to ensure that it is not put back on the market at a higher rent after being renovated. We are investing $1.5 billion in the Canadian housing acquisition fund. This is, of course, in addition to everything else we are doing through Build Canada Homes. We have already signed agreements with 19 provinces, agencies and organizations to build affordable housing across Canada. We are talking about social housing and affordable housing. We also changed the definition of affordable housing to lower the threshold to 30% of a family’s income, to ensure that Canadian families can afford housing that meets their needs and fits their budget.