2. Create an Acquisition Strategy

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.

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  • Progressive Nation Support
    Progressive Nation Support
    published this page in Our Platform 2022-01-21 17:23:49 -0500

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