Showing 2 ideas for tag "non-profits"
(@doctorb) kudos icon +

Affordable Cost of Living

Buy existing apartment buildings for affordable housing, instead of building new buildings

Toronto and other cities have a large stock of rental apartment buildings built from 1950 to 1980 - increasingly these buildings are occupied by people in poverty

Most "affordable" housing projects the province and federal government fund are new buildings - these buildings are expensive and only 25%-30% of the units are actually subsidized and the rest rent at market rates.

Meanwhile CHMC provided low interest mortgages... more »

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(@joedeschenessmith) kudos icon +

Affordable Cost of Living

Support NON-PROFITS in delviery of affordable housing

Exempt non-profit housing provider projects (rental or ownership) from government charges and fees.
The exemption could apply to : Land Transfer Tax, development charges, building fees, Park land dedications, section 37 charges, etc.

Non-profits have consistently proven to deliver the most affordable housing (per government $ invested) and to maintain the quality of their stock better then either private sector or... more »

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