New Democrats pro­pose so­lu­tions to hous­ing af­ford­abil­ity cri­sis

Asian Journal - - British Columbia -

Vic­to­ria: While the B.C. Lib­eral govern­ment con­tin­ues to ne­glect young fam­i­lies who can’t af­ford to buy a home, New Democrats have in­tro­duced two mea­sures that would start to ad­dress the hous­ing cri­sis head on. “If you work hard, you should be able to af­ford a rea­son­able place to live and raise a fam­ily,” said B.C. New Demo­crat leader John Hor­gan. “At an Emer­gency Hous­ing Town Hall meet­ing in Van­cou­ver Wed­nes­day, I heard from a packed room full of hun­dreds of peo­ple who feel like their govern­ment doesn’t care about the im­pact the hous­ing cri­sis is hav­ing on their fam­i­lies and the com­mu­ni­ties they love.” Hor­gan lis­tened to the sto­ries and con­cerns of peo­ple who are fed up with the govern­ment’s in­ac­tion on this im­por­tant is­sue, and in­tro­duced the Hous­ing Af­ford­abil­ity Fund and Spec­u­la­tor Fee Act and the Prop­erty Trans­fer Tax Fair­ness Act. The Hous­ing Af­ford­abil­ity Fund and Spec­u­la­tor Fee Act creates a way for govern­ment to col­lect des­per­ately needed in­for­ma­tion about spec­u­la­tors who treat hous­ing purely as an in­vest­ment and leave prop­er­ties empty, rather than as homes for fam­i­lies to live in. The bill col­lects a two per­cent tax on the as­sessed value of the prop­erty and the money col­lected would go di­rectly into a Hous­ing Af­ford­abil­ity Fund. This fund would pro­vide fund­ing for af­ford­abil­ity ini­tia­tives in the re­gion where the tax was col­lected.

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