Yesterday the Government of Ontario released their budget for the coming fiscal year.
The budget contains a number of tax changes, spending programs and direct payments to Ontarians, but ACORN would like to highlight investment in one particular area; Affordable Housing.
In the lead up to the federal budget ACORN, along with our allies, ran an energetic campaign urging the federal government to use their stimulus spending to build and repair Canada’s affordable housing stock.
While the federal government opted to provide rebates to consumers who re-pave their driveway or build a new deck at their cottage, it appears Queen’s Park got the message.
The budget is calling for the renovation of 50,000 existing social housing units and the construction of 45,000 new affordable housing units.
Two further points around this issue are also encouraging; first, the money provided has a two year life span, helping create a sense of urgency around affordable housing that had been lacking in recent years. As well, Finance Minister Duncan told the CBC that in some cases municipalities may not be required to provide matching funds to access the money.