Strategy | Business Transformation | Governance | Hands-On | Purpose Driven | Influencer | Active Listener
Just in time for the holidays, the Federal government has announced $471 million in Housing Accelerator Funding for the City of Toronto. Kudos to Mayor Olivia Chow, Brad Bradford, Gregg Lintern, Abi Bond and the countless folks at the City of Toronto who have committed to a raft of changes in approval processes, zoning, and programs like Housing Now, Open Doors, and others to leverage this money to build more homes. Today, I appreciated the opportunity to share my perspectives with David Common on CBC Metro Morning on what's to like and what's to improve upon in this landmark announcement. Most notably, as much as we need to stay the course on building more affordable rental and purpose-built rental, the lack of apparent interest in affordable ownership is a concern. We risk inadvertently setting up Mayor Chow's "Generational Transformation of the Housing System" into a transformation resulting in future generations only having the option of rent ... and then having a rental class and an ownership class determined mainly by whether your parents rent or own. Lots to like and another big step forward with this announcement. Looking forward to working with all levels of government in 2024 as we continue to tackle the multi-faceted solutions to the housing crisis. #affordablehousing #affordableownership #housing https://lnkd.in/gswySscV
Ramesh Mohan Matta
10mo
Changes in approval processes, zoning, and programs like Housing Now are welcome. But Subdidies & Grants may at best may give initial boost, but to make things sustainable Cost reductions in Oening will be the key — Like to educate the Builders and the Owners building Own homes on what it takes to reduce Labour costs and Vinsyruction times through my Workshop on DELIVERY MANAGEMENT IN CONSTRUCTION. Let the federal representatives organise such sessions to mobilise opinion. I will be returning to Mississuago in the coming March for a long stay - Regards Ramesh
This is a good first step. However we still need a sustainable solution for all. There are many who will not be able to access this. We need equitable support and access for all. #equityandaccess #equityforall
Richard Lyall
10mo
Working on affordable ownership now.
Fred Cassano
10mo
Great interview Ene Underwood! There is a lot to unpack with this announcement. Thanks for sharing your insights.
Richard Myers
10mo
Hey Ene Underwood thanks for sharing. Enjoy your holidays
Chair & Co-Founder, Black Opportunity Fund * Former Vice Chairman , National Bank Financial * Housing Affordability Convener * Champion of Change * Board Director - Corporate & NPO * Guest Lecturer *
10moGood first steps with great intent, that needs to be applauded. The challenges lie ahead in how well many of the options can be implemented and how we are able to create greater equity and access. Much work to do,but I am encouraged in that real movement is taking place. I congratulate all those that have been involved in getting this across the line.