Statement on Cuts to Co-op Housing

Ms. Libby Davies (Vancouver East, NDP): Mr. Speaker, the co-op housing sector is in dire need of sustainable funding from the federal government because agreements between co-ops and CMHC are coming to an end. In my riding of Vancouver East there are 30 housing co-ops.

Approximately one-third of co-op households will be at risk of homelessness when these agreements expire. Thousands of vulnerable citizens will be burdened with severe financial difficulty.

In an expensive city like Vancouver the ability to secure affordable and stable housing is incredibly hard and many are already spending so much on rent they are just one paycheque away from homelessness.

Co-op housing occupies a vital and unique position because it is secure and affordable. The government has an obligation to ensure the ongoing success of the co-op housing sector by renewing federal housing assistance to low income households and by building more co-op housing.

I call on the government to recognize that affordable, adequate, accessible and secure housing like co-ops is a fundamental right for all Canadians.