Stop the loss - Public Sector
Create a non-profit housing acquisition strategy, supported by City purchases of private market residential properties, for the purpose of turning them over to non-profit housing providers.
This would help to stop the loss of aging housing stock being sold and converted to higher priced housing. By reserving this housing for non-profits, it gives non-profit housing providers the time and ability to quickly acquire rental housing.
Example: Montréal’s pre-emptive right (and in line with Gatineau’s intentions) to purchase residential buildings first, before being on the private market.
