Thank you, Ms. Desrochers.
One of the common misunderstandings about non-market housing is that it's assumed to be only for low-income people. It's true that some.... It depends on which program, but there are many successful non-market housing providers ranging from B.C. Community Land Trust to Ottawa Community Housing, and I could go on, that are building a combination of housing for low-, moderate- and even some middle-income people. I wouldn't want to conflate mixed income with mixed tenure.
Having said that, it is possible that Build Canada Homes could be a place where there is some innovation in terms of the mixed tenure that we need. I'll give one example. Limited dividend companies, which are private housing companies, are included in the National Housing Act. Those are companies whose profit is limited to less than 5% per year. They're a big part of development on government land. For instance, I mentioned the large development, Aspern Seestadt in Austria. That's one possibility. Another possibility is scaling up the amount of co-living. Equity co-operatives are 5% of the housing stock in Germany.
We don't have to see things just in terms of poor people living in non-market housing and rich people living in market housing. There's a lot more complexity out there, and that's why it's particularly important to have, first, a clear sense of what income bands we're talking about, and second, a little more accountability on what the rents or house costs are of the homes that are being developed through government-subsidized programs, whether it's the rapid housing initiative, the apartment construction loan program or the affordable housing program.