A better use for public funds

CORPIQ’s efforts are bearing fruit on the social housing front. For years it has tried getting the government to see that taxpayer money would be better spent providing households with direct housing assistance rather than building new social housing units that cost over $160,000 per unit on average. Well, in the spring of 2015, the Government of Quebec announced that it was cutting the $250 million earmarked for social housing units in half and using these funds to increasing the number of households participating in the Rent Supplement program. This news could not come at a better time, given the high vacancy rate in private housing. By bringing the number of units built annually through the AccèsLogis program from 3,000 to 1,500, but selecting 5,800 new “Rent Supplement” participants, the government is helping four times as many tenants.

In addition to its actions on the provincial level, CORPIQ is also supporting the actions of members in other cities that want to finance the construction of social housing while vacant private units already abound.