Tied Up: Unleashing Canada’s non-profit housing potential
Canada’s non-profit housing sector is structurally constrained. Well-intentioned accountability mechanisms, designed to protect public investment and ensure affordability, often have the unintended effect of limiting balance-sheet capacity, restricting access to financing and preventing asset leverage. Consequently, the non-market housing sector remains underdeveloped. In consultation with stakeholders and partners in the non-profit housing space, report authors Michelle Arnold and Savraj Syan identify three technical issue fixes that could unleash Canada's non-profit housing potential.
Unlocking non-profit assets: The low-cost fixes Canada’s housing sector desperately needs
Growing the non-market housing sector is a national priority and building the capacity of non-profits to deliver more of it is one of the most important levers available. Unfortunately, explain Michelle Arnold and Savraj Syan, at the very moment governments are counting on non-profit housing providers to deliver more affordable housing, a set of overlooked technical barriers is preventing those same providers from leveraging their own assets—which is key to increasing their borrowing power—to do exactly that.