the significant, albeit insufficient, contributions committed by the different order of government to overcome the housing crisis. Over the last year, CHTC has engaged in more partnerships than ever with local housing providers, representative organizations, as well as several governments and agencies. It has also been seeking to increase its partnerships with the private sector. Doing so allowed them to leverage their financial and expertise contributions to improve the community housing sector’s future, says Fayad. “But as effective and efficient as we were, more is required to stop the dramatic disappearance of affordable homes in the Canadian market. Over 20 affordable units are lost in the for-profit market for each unit created in the community housing. This drop makes it harder and harder to correct the situation between people’s needs and the market’s ability to respond to the situation. Investing to build more units using a community housing model is a sound choice since they will remain affordable. This would provide housing solutions for those in greatest need, but also for the middle class who is less and less able to afford housing in urban centres.” 64 AUG 2023 | BUSINESS ELITE CANADA
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