A three-year funding program would absolutely provide stability for organizations, not only in an operational sense, but also in an action sense. When you have a one-year funding envelope, often you will get to the point in your project where you're really ready to roll, and the funding stops, or it's not renewed, or it cannot be renewed for a variety of reasons. You're always wary of creating an expectation in the community, or of responding to a need for a certain amount of time, and then no longer being able to provide that support to the members of your community. It is problematic because you don't want to be creating needs; you want to be responding to them.
On May 15th, 2014. See this statement in context.