Non-profit housing includes social housing, co-ops, transitional and supportive housing.
Non-profit housing is mission-driven to provide permanently affordable housing for low and moderate income households. It is inclusive of accessible housing, larger family unit sizes, supportive housing and housing geared toward specific vulnerable groups.
Housing is affordable if it costs 30% or less of a household’s before-tax income.
Affordable housing can be provided by the private, public and non-profit sectors and can be in the form of rental, ownership and co-operative ownership, as well as temporary and permanent housing.
The housing market has become distorted in Canada because real estate has become the most stable and lucrative investment asset. Having housing that is removed from the private market is critical to balancing the housing market in general and removing the profit motive..