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Human Resources committee  It absolutely can be done. There are good examples of homeless management information systems. There are over 300 communities in the U.S. today that have them. Edmonton and seven cities in Alberta, including Calgary, have management information systems in place. There are variati

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  There are a few points in there, with the first question being, how did we get here? We can trace the rise of modern mass homelessness in Canada to the withdrawal of the federal government. Over the course of probably 25 to 30 years, there's been about a 46% reduction in federal

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  I think there's a huge opportunity. In Calgary, for example, they are in prime real estate. They are low density, so there's lots of space where you could redevelop. You can extract a lot of financial value out of property and redevelop it and maintain that housing for its social

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  In our low-income housing tax credit, high-net-worth individuals or groups or corporations, whoever, have some money and they pay a significant amount of federal income tax. They could contribute or invest some portion of that income into affordable housing. The government at the

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  There are two important distinctions. Now you're getting a fairly traditional investment model, where you say you put in block money, you put in this much and you get this many units. I think the opportunity here is first to take advantage of the existing investment. A lot of the

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  That's where I was concerned about the application of the social impact bond and private equity. To me the definition of social enterprise and social finance is a lot like what you heard from the representative from the Royal Bank, where you bring private equity in. The private

March 26th, 2015Committee meeting

Tim Richter

Human Resources committee  Thank you, Mr. Chairman, and good afternoon. Thank you for this opportunity. I apologize that I couldn't join you in person. I come to this conversation from the housing and homelessness arena and as someone who has been an affordable housing developer that has housed over 4,000

March 26th, 2015Committee meeting

Tim Richter