Housing sorely missing from Budget agenda

FOR IMMEDIATE RELEASE MARCH 4, 2010

FEDERAL BUDGET LEAVES BC RESIDENTS OUT IN THE COLD

OTTAWA – “Today’s Conservative government budget announcement leaves everyone from the homeless to home owners out in the cold”, said New Democrat MP Fin Donnelly (New Westminster-Coquitlam & Port Moody).

Homelessness has more than doubled in the Tri-Cites over the past five years, expediting the need for a permanent emergency shelter; while demand for affordable, private rental housing continues to outstrip available stocks.

“There is no funding for the Homelessness Partnering Strategy” said Donnelly. “And basic steps like federal incentives for private sector development of rental housing are completely absent.“

Home owners will fare little better. The federal government has cancelled the Home Renovation Tax Credit and continues to fail those affected by the leaky condo crisis.

It’s been over ten years since the Barrett Commission on Construction of Condominiums issued its federal recommendations to help leaky condo owners.

The Commission called on the federal government to forgive the GST on repair and restoration costs; allow income tax deductions on repair costs; offer fair and flexible Canada Mortgage and Housing Corporation grants to leaky housing cooperatives; and provide penalty free access to RRSPs to fund repairs.

”This Government is ignoring the needs of the homeless, renters and home owners with a budget that effectively tells British Columbians ‘you’re on your own’”.

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