Thank you, MP Zarrillo.
I didn't say 33% of funding. The federal government said 33% of funding. That's in the CMHC documents. Frankly, I'm not quite sure where that 33% comes from given that women-led households are 40% of households and they're twice as likely as male-led households to be in housing need. I don't actually know where that number comes from, but I think my colleague, Mr. Gladstone, was talking about sub-targets. Sub-targets are really important in the agreements, but then it's also really important that the federal government signal its housing right intentions, which include targeting those in greatest housing need and using maximum available resources. That can happen not just through funding but through the release of government land, because we know that land is 15% to 30% of cost, depending on where it is in the city. Non-profit development, by the way, can knock off another 20% so I'm not quite sure why it needs to be private development and scale matters immensely.
In the 1970s the federal government supported False Creek South in Vancouver and the St. Lawrence neighbourhood in Toronto. Those were large-scale developments that were two-thirds non-profit housing and continue to provide affordable housing for thousands of people. Those are the kinds of “bang for the buck” developments that should be promoted through the housing accelerator fund and can help promote human rights, particularly if there are sub-targets within them that focus on particularly vulnerable groups. We've been hearing today about people with physical and intellectual disabilities, women, indigenous people.
We all have multiple identities, so it's not like it's 33% for women-led households and 20%, let's say, for indigenous households and 10% for intellectual disabilities. People have intersectional identities and you can tick off a couple of boxes at the same time, but those are the kinds of expectations the federal government should have in working with municipalities and should support through layering its funding programs in order to have genuinely affordable housing.