Co-op housing under attack

Year Published:  1992  
Resource Type:  Article
Cx Number:  CX4435

Abstract:  The federal Progressive Conservative government is instituting further restrictions on co-operative housing programs through the Canada Mortgage and Housing Corporation, which administers the co-op program. The planned measures include income ceilings for co-op members and surcharges on higher-income members. These measures are strongly opposed by the co-op movement as antithetical to the ideal of developing open, mixed-income communities. Co-ops see a mixed-income community as the key to avoiding the development of low-income ghettos which so often characterize public housing. In addition to these measures, the government has also slashed the amount of money available to build new co-op housing.