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Originally Posted by Newstart
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Sorry this just seems like tokenism and is not sustainable in my view. These are "deeply affordable" units, but the federal contribution alone is $265K per door. I assume there may also be Provincial and City contributions. I am aware that one can purchase existing decent apartments for $100k per door, so I am assuming 3 times more families could be helped by doing this a different way. Also what about all the vacant vandalized affordable housing. Why isn't more being done to get these back in the system and keeping them there. This seems far more sustainable.
The people who get these brand new units will have won the lottery and the 100's of poor families left out will get crumbs.
I realize that putting the poor in existing housing does not immediately increase the supply, but it will eventually, as vacancies drop and demand justifies new construction, including partially subsidized construction with affordable units. This seems more sustainable and helps far more people.