Burnaby Now November 22 2017

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WEDNESDAY, NOVEMBER 22, 2017

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WAITING: Ruth Vodden, secretary of the board of directors, and Mark Perry, chair of the financial committee at Post 83 Co-op in Burnaby, are concerned about what will happen when subsidies end for 45 families in the housing complex. The co-op’s agreement with the federal government ends next March, as do others across Canada, and it’s unknown at this time if those families will be able to stay in their homes. PHOTO LISA KING

Co-op residents worry about the future Subsidies are ending and residents hope feds will announce a new plan to help By Tereza Verenca

tverenca@burnabynow.com

A Burnaby housing co-operative is unsure what the future holds for its subsidized residents. Some funding agreements between the federal government and co-ops across the country are scheduled to end next March,

including one at Post 83 Co-Op on Mayberry Street, where 45 low-income households rely on subsidies to pay the rent. “There’s a lot of people that are wondering what’s going to happen,” Mark Perry, a resident at Post 83 and chair of the co-op’s financial committee, told the NOW. “If they can’t pay our market rent, what are they going to do? Where are they going to go?” There are 26 housing co-ops in Burnaby. The federal government got out of housing in the early 1990s, when funding to build new homes dried up, along with the network of affordable housing builders.

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“Budget 2017 will invest more than $11.2 billion over 11 years, in addition to preserving the baseline funding related to expiring social housing agreements.These investments are for initiatives designed to build, renew and repair Canada’s stock of affordable housing and help ensure that Canadians have housing that meets their needs,” the email read. Right now, it’s unclear how that money will be divvied up and what it means for the country’s co-op buildings. Continued on page 8

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When asked what will happen to Post 83’s agreement, Audrey-Anne Coulombe, spokesperson for Canada Mortgage and Housing Corporation (CMHC), pointed to the Liberals’ National Housing Strategy currently in the works. “Thirty million (dollars) was invested through budget 2016 to renew subsidies until March 2018 as a short-term measure while developing the National Housing Strategy,” she wrote in an email. (Post 83 was not one of the co-ops to receive funding under an extended operating agreement).


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