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Housing Led Recovery

Housing Led Recovery. Jim Steele Chief Executive. Topics to be covered: . Quick overview of Canadian Housing Policy Status of Housing Policy in the Province of Ontario Windsor Essex and the effect of economic impact on our housing corporation

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Housing Led Recovery

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  1. Housing Led Recovery Jim Steele Chief Executive

  2. Topics to be covered: • Quick overview of Canadian Housing Policy • Status of Housing Policy in the Province of Ontario • Windsor Essex and the effect of economic impact on our housing corporation • Actions taken by housing providers in this climate of austerity

  3. Size Matters: Ontario & The UK

  4. Canadian Context • Population of 33,476, 688 – No national housing strategy • Federal government transferred operating authority to provinces & territories in ‘90s • Ontario then downloaded to municipalities • 68% home ownership rate • 26% private market rental • 6% social housing rental

  5. Canadian Social and Affordable Housing • Social Housing • Municipal non-profits, private non-profits, co-operatives, private rent supplements • Built and operated with financial assistance of governments • Subsidized rents charged are usually geared-to-income • Mixture of geared-to-income and market renters • Affordable Housing • Housing with ongoing operating funding from government • Rents are set at the low end of market rent

  6. National Housing Challenges Financial pressures and funding gap Stagnant revenue, escalating operating costs, diminishing reserves, expiring federal subsidies Deteriorating physical assets Focus on new construction not existing Aging sector workforce Housing-specific training and education an afterthought Challenges mobilizing the sector No National central data repository or system for housing Vulnerable tenants, physical isolation and issues of crime, poverty, constrained mobility, inadequate living conditions

  7. Canada’s Economic Status

  8. FEDERAL-PROVINCIAL INCENTIVE PROGRAMS & BUDGET RELIEF INITATIVES • Social Housing Capital Repair Initiative (SHCRI) • Social Housing Renovation & Retrofit Program (SHRRP) as part of economic stimulus incentives • Municipal Infrastructure Investment Initiative (MIII)-Social Housing Asset Management (NEW) as part of Provincial Infrastructure Strategy

  9. Housing Services Corporation (HSC) Declining federal funding HSC created from government austerity and offloading measures of the ’90s No indications of change No “post-austerity” climate in Ontario – only ongoing No funding = no strings or obligations…sort of - Lack of funding frees you up to pursue your own ideas $1M investment: - In new social housing construction = 20 jobs - In retrofit = 25 jobs

  10. Regent Park Redevelopment

  11. Container Housing in BC

  12. HSC Recovery Initiatives HSC Technical Services Joint Asset Leveraging Working Group Capital reserve management (SHIP) Conservation and demand management programs through GLOBE School for Social Entrepreneurs-Ontario Community gardening to support food sharing and social enterprise development Asset building program (START) Green jobs for youth at risk (REDY)

  13. Recovery Through Capacity Building • Establishing professional body for housing in Canada • Partnering with CIH to create CIH Canada model • Encouraging youth to purse a career in housing • Developing Canada’s housing research and policy capacity • Information sharing, promoting new ideas and engagement • Establish Housing Partnership Canada (Chief Executives of large housing providers across Canada) • Social Enterprise activities to encourage our tenants to save, become entrepreneurs and leaders in their communities • Partnerships with Academic institutions

  14. Windsor Essex Community • Housing Corporation • Almost 5,000 units owned and managed • 76 employees • 732 buildings • Average age of buildings is over 33 years • Worth approximately 250 million dollars

  15. Job Creation • New Development creates approximately 20 jobs per $1 million dollars invested • Retrofits create approximately 25 jobs per $1 million invested

  16. Achieve Operational Efficiencies in • Energy Management • In Canada, energy is relatively inexpensive and multi-residential social housing has been inefficiently designed. • Retrofit and/or redevelop existing properties

  17. Now House Windsor 5

  18. www.windsor5.com

  19. Our tenants help the economy and drive our strategies Community University Partnership - Leadership - Curriculum for students in social work, nursing, business, music, engineering / about 40 on site at any time - Improve image of CHC and tenants through learning Housing Benefit vs Rent Geared to Income - Economic impact on Windsor Essex of our tenants losing income

  20. Questions jsteele@wechc.com

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