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Federal Investment in Affordable Housing
There is a growing demand for affordable housing across Canada. Affordable housing in Canada that is subsidized is supported by a mixture of provincial and federal funding sources. This week’s infographic, published by the ONPHA (Ontario Non-Profit Housing Association), looks at the need for increased federal investment in affordable housing in Ontario. Affordable housing has many social and economic benefits. It can prevent homelessness and is far more cost-efficient than having individuals occupy hospital beds, long-term care beds, and beds at correctional facilities. The infographic states that planned federal spending on affordable housing in Ontario will see cuts in the coming years as “operating agreements” expire. In less than 25 years, affordable housing funding from the federal government is set to drop to zero dollars. Beyond the immediate future, it is unclear how the gap created by declining federal social housing for Ontario will be filled.
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