This letter is regarding the accessibility of the recently announced Business Development Bank of Canada (BDC) funding to support business owners who have currently closed their businesses due to the COVID- 19 virus, specifically those in the food and beverage sector. This is understandably an incredibly difficult time for many businesses, who are complying with government recommendations to close their doors to ensure that adequate social distancing is maintained to prevent further spread of this virus. This loss of business has created obvious financial and emotional stress for business owners and they are in desperate need of the Governments support.
City TV: Concerns raised about rising cost of rentals for low-income earners: Vancouver MP
A Vancouver NDP MP is sounding the alarm when it comes to rent-geared-to-income housing units, saying incoming changes by the federal government will lead to a severe shortage within the affordable housing market in this country.
Vancouver East MP Jenny Kwan says she’s learned that as of March 31, 2028, Ottawa will be cutting subsidy funding to non-profits that operate buildings that include units for those on a fixed income. Once those suites are vacated, she says the price of those units will be bumped to market rates.
For example, a rental suite that’s going for $650 right now could be increased to $1,800 or more.
Kwan adds these changes are happening right now at some buildings in Metro Vancouver as non-profits try to bank money to prepare for their funding to be slashed in the future.