Invest in new social housing and repairs for existing stock - Need A Source?

Chair of Social Housing Services Corporation available to speak on why government should continue to maintain stock it has already built

TORONTO, March 30 /CNW/ - Social housing in Ontario houses 600,000+ of our most vulnerable citizens and represents a $40 billion public asset. Building From the Ground Up: Enhancing Affordable Housing in Canada (http://www.conferenceboard.ca/documents.aspx?did=3530), the Conference Board of Canada's most recent report, calls on developers, governments and civil society organizations to work together to expand the supply of quality affordable housing.

Stimulus funding is welcome for social housing and an important first step toward addressing a backlog of repairs and province-wide capital shortfall of $1.2 billion. Without ongoing and consistent capital and operational funding, social or subsidized housing providers will continue to play catch-up.

Roger Maloney, Chair, Social Housing Services Corporation and Asset Management Centre can speak to the recommendations in the CBoC Report and the need to continue funding the repair and maintenance of Ontario's social housing stock. Safe, affordable housing contributes to the success of citizens, and more generally the health and productivity of the country.

Record level housing prices plus raising puts home ownership outside the reach of many working Canadians. What is required is renewed investment from all levels of government as funding is crucial to maintaining the stock that they have built and invested in.

    
    About Social Housing Services Corporation (http://www.shscorp.ca)
    -----------------------------------------------------------------
    

The Social Housing Services Corporation (SHSC) is a non-profit corporation that provides innovative services designed to empower social housing providers to develop safe, affordable homes and vibrant sustainable communities. SHSC offers such business-oriented solutions as insurance, investment, gas purchasing, energy management and research to address the needs of the affordable housing community.

For further information: To arrange an interview please contact: Susanne Gossage, Media Profile, T: [phone], [phone] or [email protected]