Finally, in order to create more affordable housing, we ask that the government earmark supply measures like predevelopment assistance, grants, and loans to catalyze development of more mixed-income non-profit housing, much like housing co-operatives. Our sector is ready and eager to build more. Co-ops can build more now. However, a meaningful government investment in the creation of new supply would strengthen any effort that the sector could spearhead alone.
A CMHC study found that those living in housing co-ops saw more improvement on key quality-of-life indicators, such as an improved sense of community, skills development, and labour force participation. Co-ops are a time-tested platform for providing affordable housing and ensuring affordability over the long term, and are well positioned to help solve the housing crisis.
This government deserves credit for presenting a vision for housing in this country, and has made great progress in furthering the housing discourse. Our sector is excited to tackle the housing crisis with the federal government as a strong partner in the years ahead through the national housing strategy. It's unique at this time that we all have a chance to work together to turn the housing problem into a solution for our communities.
Thank you for your time, and we look forward to questions as well.