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It explains financialization as the erosion of private, affordable rental stock through treating housing as a financial commodity, displacing long-term tenants and driving rent increases. CHRA recommends a national rental preservation acquisition program, revisions to National Housing Strategy funding eligibility, and an Affordable Housing Investment Tax Credit to curb financialization while preserving non-profit and municipal management.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/canadian-housing-and-renewal-association-submission-to-the-national-housing-council-on-the-financialization-of-purpose-built-rental-housing/325578/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/canadian-housing-and-renewal-association-submission-to-the-national-housing-council-on-the-financialization-of-purpose-built-rental-housing/325578.png","ImageObject",300,407,{"name":92,"@type":93},"Bintang","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-27","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",16,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does financialization mean in the context of community housing according to the submission?","Question",{"text":113,"@type":114},"It refers to the erosion of private market affordable housing stock by treating housing as a financial commodity, leading investors to buy stock and remove units suitable for low-to-moderate income households.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"Which recommendation focuses on a national rental preservation program?",{"text":118,"@type":114},"Recommendation 1a calls for the government to partner with the community housing sector to co-develop a national rental preservation program to help providers acquire and preserve existing rental properties.",{"name":120,"@type":111,"acceptedAnswer":121},"How does Recommendation 2 aim to curb financialization of housing?",{"text":122,"@type":114},"It recommends creating an Affordable Housing Investment Tax Credit to incentivize private investment in affordable housing projects while maintaining non-profit and municipal management.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},325578,1790026171,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},962085564381,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Canadian Housing and Renewal Association ON  \n______________________________________________________________________________  \nSubmission to the National Housing Council on the Financialization of Purpose-Built Rental Housing  \nBy The Canadian Housing and Renewal Association  \nIntroduction  \nThe Canadian Housing and Renewal Association (CHRA) represents the community housing sector in Canada. Collectively, our members house, shelter, and support hundreds of thousands of Canadians in communities across every province and territory.  \nWe are proud to respond to the National Housing Council’s call for submissions on the financialization of purpose-built rental housing: a crucial topic to realize the right to adequate housing in Canada, and make this country a more fair, inclusive, and affordable place to call home.  \nLike many, CHRA and our members have been confronted by an undeniable reality: that Canadians from all walks of life feel life is becoming increasingly unaffordable, that they aren’t being given a fair deal, or that they are falling behind. A key driver of this situation is the financialization of housing.  \nThere is consensus among housing professionals and academics that financialization is a significant threat to housing affordability and community housing in Canada. In the context of community housing, the financialization of housing (“financialization”) can be defined as the erosion of private market affordable housing stock caused by the treatment of housing as a financial commodity. Financialization has led to wealthy investors buying up housing stock to increase profits, removing stock suitable for lowto-moderate income households. It leads to a business model based on displacing long-term tenants and rapidly increasing rent, with the goal of rapidly increasing the real estate asset value. This trend continues to worsen, requiring a coordinated response to ensure vulnerable individuals remain housed.  \nUnlocking a Canada that is fairer, more inclusive, and affordable for everyone starts at home, and affordable housing is the key. To this end, CHRA is recommending that the National Housing Council endorse the following recommendations:  \nRecommendation 1a: CHRA recommends that the government work in partnership with the community housing sector to co-develop a national rental preservation program to support community housing providers to acquire existing rental properties and preserve affordability, removing these properties from the cycle of financialization.  \nRecommendation 1b: CHRA further recommends that the government direct Canada Mortgage and Housing Corporation to revise existing National Housing Strategy programs to make acquisition and preservation of rental housing an eligible activity.  \nRecommendation 2: CHRA recommends that the government work with the community housing sector to curb the financialization of housing by devising an Affordable Housing Investment Tax Credit to incentivize private sector investment in affordable housing projects, while maintaining non-profit and municipal management.  \n1. A Property Acquisition Program  \nCHRA members firmly believe there needs to be permanent, ongoing federal support to allow nonprofits and co-ops to preserve affordable rental housing through acquisition. Acquisition is currently not eligible for funding or financing under National Housing Strategy (NHS) programs, such as the National Housing Co-Investment Fund (NHCF) and Rental Construction Financing Initiative (RCFI) . Newer programs like the Rapid Housing Initiative (RHI) specifically exclude acquisition of existing residential properties.  \nThe Canadian Housing Policy Roundtable (CHPR), among others, have also called for a national acquisition program to supplement existing NHS programs. CHPR calculates that from 2010-2020, an estimated 60,000 affordable units (with monthly rents below $750, affordable to annual incomes under $30,000) were lost every year, while the NHS aims to create an average","cbCaih98wAk0VdLI","https://ap.wps.com/l/cbCaih98wAk0VdLI","pdf",325640,"English","# Introduction\n## Recommendation 1a and 1b\n## Recommendation 2\n## A Property Acquisition Program","[{\"question\":\"What does financialization mean in the context of community housing according to the submission?\",\"answer\":\"It refers to the erosion of private market affordable housing stock by treating housing as a financial commodity, leading investors to buy stock and remove units suitable for low-to-moderate income households.\"},{\"question\":\"Which recommendation focuses on a national rental preservation program?\",\"answer\":\"Recommendation 1a calls for the government to partner with the community housing sector to co-develop a national rental preservation program to help providers acquire and preserve existing rental properties.\"},{\"question\":\"How does Recommendation 2 aim to curb financialization of housing?\",\"answer\":\"It recommends creating an Affordable Housing Investment Tax Credit to incentivize private investment in affordable housing projects while maintaining non-profit and municipal management.\"}]","Canadian Housing and Renewal Association - Submission to the National Housing Council on the Financialization of Purpose-Built Rental Housing | PDF",1789970866,13]