providing affordable rental housing for families with children

I live in a housing co-op, and like it quite a bit. It seems like most co-ops have seen the amount of subsidy they receive from the federal government shrink substantially over the last few years.

The amount of subsidy that we receive at my co-op is tied to the interest rate of our mortgage. Normally a low mortgage rate is good for homeowners, but in our case lower mortgage rates have resulted in a dramatic subsidy reduction. In recent years, there have been thousands of lost subsidized units across the country, and in B.C. 800 subsidized units were lost in one round of mortgage renewals.