{"id":14006,"date":"2024-04-18T11:25:01","date_gmt":"2024-04-18T15:25:01","guid":{"rendered":"https:\/\/acorncanada.org\/?post_type=news&p=14006"},"modified":"2024-04-22T11:07:21","modified_gmt":"2024-04-22T15:07:21","slug":"big-news-federal-budget-2024-10-nsf-fee-victory-some-positive-steps-for-housing","status":"publish","type":"news","link":"https:\/\/acorncanada.org\/news\/big-news-federal-budget-2024-10-nsf-fee-victory-some-positive-steps-for-housing\/","title":{"rendered":"BIG NEWS!!! Federal Budget 2024 – $10 NSF fee Victory & Some Positive Steps for Housing"},"content":{"rendered":"
Other details they announced:<\/strong><\/p>\n Other interesting developments:<\/strong> The federal government moved to strengthen the enforcement around predatory lenders so people can prosecute them without the approval of the Attorney General – this was a major bottleneck faced by people who want to take lenders to court. They Also said they will cap the cost for optional insurance products charged is also positive. However, we still need the government to finalize lowering the interest rate of predatory installment loans to 35% APR including all fees and insurance. And create alternative low or zero interest products.<\/p>\n So many announcements with housing! There is good and bad in this. For the first time in ACORN\u2019s history, the feds started to talk about national tenant standards. But we need the government to move fast and ensure that standards across the country have some teeth by forcing provinces and territories to unify a best practice of tenant rights. For example:<\/p>\n Renter\u2019s Bill of Rights. This has POTENTIAL:.<\/strong><\/p>\n Rental Protection\/Acquisition Fund:<\/strong> This is<\/strong> GOOD<\/strong> news! They are creating a $1.5 billion Canada Rental Protection Fund that can help land trusts, non-profits and co-ops to buy apartment buildings that are on sale.<\/p>\n Using public lands to build housing:<\/strong> This is a POSITIVE STEP but they need to make sure that the housing that is built on public owned land is affordable (To point out the obvious, public land is owned BY THE PEOPLE). Non-profits, co-ops and land trust organizations must be given priority to build and run the housing on public land.<\/p>\n Tenant Protection Fund:<\/strong> They are giving $15 million to protect tenant rights to legal services and tenants\u2019 rights organizations to better protect tenants against unfairly rising rent payments, renovictions, or bad landlords. This is good!<\/strong><\/p>\n New Co-operative Housing Development program<\/strong>: Create a new program to build capacity of co-operative housing. $1.5 billion. This is good.<\/strong><\/p>\n Co-ops\/non-profit housing<\/strong>: Adding an extra $1 billion to an Affordable Housing Fund (formerly called the National Co-Investment Program) to further support non-profit, co-operative, and public housing providers to build and run new housing. This is good!<\/strong><\/p>\n More on the Housing Announcements Below! These need to be strengthened!<\/strong><\/em><\/p>\n Federal money needs conditions attached as billions flow through developers\u2019 pockets:<\/strong><\/p>\n Stop financialized landlords from acquiring existing affordable apartment buildings<\/strong>\n
HOUSING<\/strong><\/h4>\n
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\nThe federal government said they will restrict the purchase existing single-family homes by very large, corporate investors. This is GOOD!<\/strong> But needs to be extended to apartment buildings where most low-to-moderate income tenants live. We are losing affordable housing too fast and this needs to stop.<\/p>\n","protected":false},"featured_media":14008,"parent":0,"menu_order":0,"template":"","front_page_slider":[50],"campaigns":[62],"featured_news":[70],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/news\/14006"}],"collection":[{"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/media\/14008"}],"wp:attachment":[{"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/media?parent=14006"}],"wp:term":[{"taxonomy":"front_page_slider","embeddable":true,"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/front_page_slider?post=14006"},{"taxonomy":"campaigns","embeddable":true,"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/campaigns?post=14006"},{"taxonomy":"featured_news","embeddable":true,"href":"https:\/\/acorncanada.org\/wp-json\/wp\/v2\/featured_news?post=14006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}