With the provincial budget done, all eyes now turn to Ottawa where not only big projects like the Broadway SkyTrain and light rail in Surrey are waiting for the Federal windfall…the social housing sector is too.
CEO of the B.C. Non-Profit Housing Association Tony Roy says the Trudeau government needs to move on co-op housing.
“There are about 4,000 units of co-op housing that are at risk of losing their subsidies. Even though the Province of B.C. announced 2,000 units of social housing, if we lose 4,000 units of co-op housing, we will be digging ourselves deeper into the hole.”
What else is Roy looking for in next month’s federal budget?
“We are looking for 100,000 units of social housing, or a commitment to build that within the next 5 to 10 years.”
His other federal ask.
“Is whether or not the federal government is going to spend money on renovations on the existing stock. Our data shows that in BC alone just to make the existing social housing stock that was built 30 years ago inhabitable and safe we are going to need about $190-million to bring that stuff up to snuff.”
Roy says Canada wide the renovation bill would be almost two-billion-dollars.