CityTalk Canada
Affordable housing for everyone: a conversation with Romy Bowers, CMHC
Jul 19, 2023
Romy Bowers, president and CEO of the Canada Mortgage and Housing Corporation, discusses the challenges of providing accessible and affordable housing in Canada. They explore the government's responsibility, the need for diverse housing options, and the lack of social housing. They also touch on regulatory review and greater transparency in the housing system.
37:34
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Quick takeaways
- Leveraging resources to stabilize not-for-profit housing operators can decrease the need for subsidies and focus government resources on delivering housing for the most vulnerable populations.
- Increased public investment in affordable housing and collaboration between different actors in the housing sector are crucial to addressing the housing crisis and building vibrant communities.
Deep dives
The Need for Affordable Housing
The podcast episode discusses the ongoing challenge of providing accessible and affordable housing for everyone. It emphasizes that the issue of housing consumes a significant amount of time and effort at all levels of government and communities. The episode highlights the importance of leveraging resources to stabilize the balance sheets of not-for-profit housing operators, enabling them to secure assets and finance future projects. By empowering and stabilizing these developers, it is suggested that the need for subsidies can decrease, allowing government resources to be focused on delivering housing for the most vulnerable populations.
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