HANSARD: Jenny asks if housing built under the national housing strategy will be below market rent

House of Commons Debate
Housing
Oral Questions
March 21st, 2022 / 2:45 p.m.

 

Jenny Kwan (NDP) Vancouver East, BC

Mr. Speaker, Canadians are faced with a housing crisis, yet under the Liberals' rental construction program, affordable housing often ends up being 30% to 120% above the average market rent. It is scandalous. Nearly half of the housing the Liberals promised is expected to come from this program, and 90% of the funding has gone to for-profit developers. Canadians deserve better.

Will the government change the requirements to ensure housing built under this program is substantially below market rent?

 

Ahmed Hussen (Liberal) Minister of Housing and Diversity and Inclusion

Mr. Speaker, the national housing strategy has a number of important programs, including the rental construction financing initiative. It is important to assess each program based on the needs of Canadians in different parts of the housing spectrum. The particular program the hon. member mentioned actually has conditions with respect to accessibility and energy efficiency, and it has minimum affordability requirements. It has led to the construction of tens of thousands of new affordable rental housing units across the country.

 

https://openparliament.ca/debates/2022/3/21/jenny-kwan-1/

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