Madam Chair, the 2022 Auditor General report on chronic homelessness recently called for the definition of affordable housing to be consistent across CMHC's programs.
For example, in the national housing strategy, affordable rent is calculated as less than 30% of before-tax income. However, under the national housing co-investment fund, affordable rent is based on rent being less than 80% of market rent. What that means is that rental housing funds would not be going to the lowest income households.
Will the minister ensure that CMHC uses one consistent definition, and put an end to this use of the 80% of market rent definition?