Mr. Speaker, last week the Co-operative Housing Federation of Canada held its annual rally on the Hill. During this time, members of the federation were grateful for our government's sound investments. They said that they looked forward to continuing to work with us on finding ways to improve housing options for Canadians.
Our government is committed to building on our record. In 2013, our government changed the rules to allow refinancing for housing providers that required capital repairs and renovations to extend the life of their housing. Just last year, we announced a common sense approach that gave many co-ops greater flexibility when their CMHC operating agreements reached their maturation.
Co-ops can now retain any money they have in their subsidy surplus fund to lower the cost of housing for low-income households.
On this side of the House, we are ensuring that these changes are saving Canadians money and are helping to lower the cost of housing, while at the same time creating jobs in the process.