Safe Affordable Housing
@ 2019. Authorized by the Official Agent of Geoff Wright
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Federal incentives for purpose-built rental housing were eliminated in the 1970s. During decades of encouraging home ownership, federal support for co-ops, rental housing, social housing and supportive housing has languished. We now face a national shortage of affordable housing and as a result, a growing problem of homelessness and housing insecurity.

The Liberal government’s National Housing Strategy fails in addressing immediate core housing needs across Canada. Funding for affordable housing will roll out over 15 years but it is needed now. The first-time home buyer grant has been criticized for exacerbating housing speculation and commodification.

It is past time that the government of Canada moves to ensure that everyone has access to safe, affordable housing. The Green Party will enhance the federal government’s contribution to meeting the housing needs of Canadians through direct investments, changes to tax policies, and lending and granting programs, putting the government’s focus where it is urgently needed.
Direct Investments by the Federal Government
Legislate housing as a legally protected fundamental human right for all Canadians and permanent residents.

Appoint a Minister of Housing to strengthen the National Housing Strategy so that it meets the needs for affordable housing that are unique to each province, and oversee its implementation in collaboration with provincial ministers. This recognizes that housing is provincial jurisdiction.

The target would be
25,000 new and 15,000 rehabilitated units annually for the next 10 years.

Increase the National Housing Co-investment Fund by $750 million for new builds, and the Canada Housing Benefit by $750 million for rent assistance for 125,000 households.

Create a Canada Co-op Housing Strategy that would update the mechanisms for financing co-op housing, in partnership with CMHC, co-op societies, credit unions and other lenders.

Eliminate the first-time home buyer grant.
Include new and existing housing as eligible infrastructure for funding purposes, allowing the Canada Infrastructure Bank to support provincial and municipal housing projects.

Provide financing to non-profit housing organizations and cooperatives to build and restore quality, energy efficient housing for seniors, people with special needs and low-income families.

Restore tax incentives for building purpose-built rental housing and provide tax credits for gifts of lands, or of land and buildings, to community land trusts to provide affordable housing.

Remove the “deemed” GST whenever a developer with empty condo units places them on the market as rentals.

Re-focus the core mandate of Canada Mortgage and Housing Corporate (CMHC) on supporting the development of affordable, non-market and cooperative housing, as opposed to its current priority of supporting Canadian lenders to de-risk investment in housing ownership. With many housing markets demonstrably overvalued, and home ownership rates among the highest in the world, individual home ownership should not be the preoccupation of a public service housing agency and a national housing strategy.

Change the legislation that prevents Indigenous organizations from accessing financing through CMHC to invest in self-determined housing needs.
For more details on the Green Party's Plan of renewing
the social contract, please visit:
https://www.greenparty.ca/en/platform/renew-social-contract
Financing