Saturday , December 10 2022
Home / Progressive Economics Forum / Saskatchewan budget misses opportunity on rental housing assistance

Saskatchewan budget misses opportunity on rental housing assistance

Summary:
I recently wrote a ‘top 10’ overview blog post about the 2018 Saskatchewan budget. Following on the heels of that, I’ve now written an opinion piece about the budget’s announcement of a phase out a rental assistance program for low-income households. Points raised in the opinion piece include the following: -Across Saskatchewan, rental vacancy rates are unusually high right now, making this a good time to provide rental assistance to tenants for use in private units (indeed, right now it’s a so-called renter’s market in Saskatchewan, meaning it’s a relatively good time for tenants to negotiate rental agreements with private landlords). -Thus, rather than phasing out the program, it would have been sensible to have expanded it. -Phasing it out will very possibly lead to more homelessness,

Topics:
Nick Falvo considers the following as important: , , , , , , , , , , , , , , ,

This could be interesting, too:

run75441 writes US Needs More Housing to Meet Demand and Costs

run75441 writes Census and WaPo at Odds Over Effect of Inflation on Low-Income Families

NewDealdemocrat writes Have new home sales made a bottom?

Nick Falvo writes The co-op difference: Comparing co-op and market rents in five Canadian cities

I recently wrote a ‘top 10’ overview blog post about the 2018 Saskatchewan budget. Following on the heels of that, I’ve now written an opinion piece about the budget’s announcement of a phase out a rental assistance program for low-income households.

Points raised in the opinion piece include the following:

-Across Saskatchewan, rental vacancy rates are unusually high right now, making this a good time to provide rental assistance to tenants for use in private units (indeed, right now it’s a so-called renter’s market in Saskatchewan, meaning it’s a relatively good time for tenants to negotiate rental agreements with private landlords).

-Thus, rather than phasing out the program, it would have been sensible to have expanded it.

-Phasing it out will very possibly lead to more homelessness, which in turn may lead lead to higher public costs elsewhere (especially to the health care sector).

Interestingly, just yesterday the Saskatchewan Landlord Association made many of these same points themselves; they like the rental assistance program, as it increases demand for its members’ housing units (many of which are currently sitting empty).

It’s of course also important for government to finance housing owned by non-profit entities. I recently wrote about the importance of a variety of measures to improve housing affordability in the housing chapter of this year’s Alternative Federal Budget.

Meanwhile, the link to my recent opinion piece is here.

Enjoy and share:

Nick Falvo
Director of Research & Data, Calgary Homeless Foundation. Economist. Research Associate, Carleton University Centre for Community Innovation. Tweets are my own.

Leave a Reply

Your email address will not be published. Required fields are marked *