The National Housing Co-Investment Fund and the Rental Construction Financing Initiative essentially involve loans. The units built under those programs are referred to as affordable. In Montreal, however, the rents for this type of housing are on the order of $2,200 per month.
According to organizations on the ground, the National Housing Strategy needs to be reviewed so that more money is sent to not-for-profit organizations to buy units that are currently on the private market. That would guarantee the long-term affordability of those units.
Do you think it is time to review the Strategy in order to create programs like that?