It's true that ongoing rental assistance provided by the federal program increases the ability of co-ops to access commercial financing for their renewal.
However, it is very important to indicate that there are still long-standing and larger capital repair backlogs across the entire non-market housing portfolio due to the policy and programmatic construction of federal and provincial programs. Even if we can increase the revenue capacity of co-operatives, there are still sometimes capital gaps that need to be closed. That's where that more targeted renovation and renewal funding can make a big difference in bringing them into a good state of repair for future generations.