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Co-op housing under attack
Year Published: 1992Resource 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. |