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Liberal government launches $1.5B program to build more co-op housing

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OTTAWA — Housing Minister Sean Fraser has announced the launch of a $1.5-billion co-operative housing development program that the federal government promised in its 2022 budget.

Fraser was in Winnipeg on Thursday to announce the program, which is expected to build thousands of new homes by 2028.

Co-op housing is managed by residents with no outside landlord and typically operates on a break-even basis. Prime Minister Justin Trudeau's government has been trying to reinvigorate younger voters by trying to address key economic issues, such as housing, that polling suggests are causing many of them to turn away from the Liberals."By focusing on people over profits, co-operative housing is able to keep housing affordable for the long term," he said in a news release.

 

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