Thank you. I do agree that we need to look at it differently. My concern is that even if the OCP changes without a rezone, they automatically apply a probability that it will be rezoned, which in my opinion is pushing or forcing a redevelopment, and the value to the community of the current use is not being considered in any way.
That's the one conversation I hope happens when we reimagine what this should look like, because I understand that redevelopment needs to happen. However, the phasing of redevelopment to support the needs in the community is important, and I'm interested in having further conversation on what that could look like.
Mr. Armstrong, you mentioned you've had a change of heart or thought on the protection and the maintenance of purpose-built rental. I want to add to that the co-ops, because we know they're disappearing at an alarming rate. I can't remember which of the witnesses talked about who we're serving in this housing.
How could the accelerator fund potentially be used to protect the purpose-built rental and co-op rental that right now is serving the community? We need to wait until we have affordable supply on hand before we can start to take these down.