3.35B Needed Each Year For Housing Strategy, Says FCM

“We are deeply concerned about the upcoming expiry of all federal housing programs in March 2009,” said FCM President and Winnipeg councillor Gord Steeves. “There is no choice. The federal government must put an end to the chronic uncertainty around affordable housing in this country." In a report released Wednesday morning in Vancouver, the federation outlines a five-pronged national housing strategy. The report recommends creating about 20,000 new social housing units over the next 10 years. It also suggests that each year the stock of permanent affordable housing go up by 15 per cent of the total annual housing starts . http://www.cbc.ca/consumer/story/2008/01/23/fcm-report.html

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