I'm wrapping up very quickly.
Decades ago, government community housing programs supported organizations to purchase existing rental properties and operate them as community housing. The national housing strategy includes no such program, and we have an opportunity to fix that. It's faster, brings fewer risks and costs less than new construction.
Don't get me wrong: We need to do both, but I'm calling on the federal government to work with the community housing sector to create an acquisition and preservation strategy for existing low-end-of-market rental housing properties.
Thank you very much.