Here is the update for Livable Hometowns.
2015 Election Federal Budget Committed $150 million over 4 years, starting in 2016-2017, to support social housing in Canada by allowing social housing providers to prepay their long-term, non-renewable mortgages without penalty.
2015 Federal Budget Introduced a new Home Accessibility Tax Credit for home improvements for seniors and persons with disabilities. The proposed non-refundable credit will provide tax relief of 15%, up to $10,000 of eligible expenditures.
2015 Election Announcement Create a permanent $1.5 billion/annual Home Renovation Tax Credit of 15% on eligible renovations from $1,000-$5,000 to a maximum return of $750.
2015 Election Announcement Raise allowable tax-free RRSP withdrawals from $25,000 to $35,000 to finance the purchase or construction of a home.
2015 Announcement Sustain and reinvest in Canada’s affordable housing agreements. Invest $440 M in 2015-2016, ramping up to $650 M in 2019-2020. Provide incentives for the construction of 10,000 affordable and market rental housing units by investing $500 M in 2015-2016.
2015 Announcement Appoint a minister responsible for Urban Affairs within the first 100 days of taking office with a mandate to identify worthy extensions of the social housing investments that are soon set to expire.
2015 Election Announcement Support women and their children fleeing violence by restoring the Shelter Enhancement Program with $40 million in funding over four years; Invest more in affordable housing and homelessness programs to create and maintain affordable housing.
2015 Election Announcement Increase the federal role in mental health with a new $100 million Mental Health Innovation Fund for Children and Youth that would prioritize high-risk populations, including First Nations, Inuit and Métis, and Canadians in rural and remote communities.
2015 Election Announcement Invest $19.7 billion in social infrastructure over ten years, including affordable housing and seniors’ facilities, early learning and child care, and cultural or recreational infrastructure.
Renew federal leadership in affordable housing, help build more housing units, refurbish existing ones, renew existing co-operative agreements, and provide operational funding support for municipalities.
Increase the new residential rental property rebate on the GST to 100 percent, eliminating all GST on new capital investments in affordable rental housing. This will end the tax penalty on developers interested in building new, modestly priced rental properties, as well as provide $125 million per year in tax incentives to increase and renovate the supply of rental housing across Canada.
Direct the CMHC and the new Canada Infrastructure Bank to provide financing to support construction by the private sector, social enterprises, co-ops, and the not-for-profit sector of new, affordable rental housing for middle- and low-income Canadians.
Conduct an inventory of all available federal lands and buildings that could be repurposed, and make some of these available at low cost for affordable housing in communities where there is a pressing need. This work would be done in partnership with municipalities and other orders of government.
Modernize the existing Home Buyers’ Plan so that it helps more Canadians finance the purchase of a home. Will allow Canadians impacted by sudden and significant life changes, such as job relocation, the death of a spouse, marital breakdown, or a decision to accommodate an elderly family member, to access the program and use money from their RRSPs to buy a house without tax penalty.
2015 Platform Establish a National Affordable Housing Program that will ramp up to build 20,000 new affordable housing units per year and renew 8,000 units per year to ensure the existing stock.
Provide rent supplements or shelter assistance for an additional 40,000 low-income households per year, for ten years. Funding will begin at $400 M in 2015-2016 and will increase to 1.397 B in 2019.
Retrofit all Canadian homes by 2030 to increase energy efficiency, cut heating and electricity bills, and reduce 80% of building emissions by 2040 by reinvesting in the EcoEnergy program, expanding it by 50%. Will commit $400 M in 2015-2016 and $600 M annually thereafter until 2020.
Will establish a nation-wide program to retrofit all low-income rental housing by 2025, investing $150 million annually until 2020.
2015 Announcement Create and implement a National Housing Plan, including:
- Develop a National Housing Strategy through the Council of Canadian Governments (including municipal, provincial/territorial, federal and First Nations representatives);
- Create a Housing First Approach, a one-on-one outreach initiative that houses chronically homeless people and provides immediate support;
- Ensure a percentage of all newly built units are reserved for affordable housing.