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{
    "time": "2022-05-31 19:20:00",
    "attribution": {
        "en": "Ms. Jenny Kwan",
        "fr": "Mme Jenny Kwan"
    },
    "content": {
        "en": "<p data-HoCid=\"7201071\" data-originallang=\"en\">Madam Speaker, in question period on March 21, I asked the government why 90% of the funding under the rental construction financing initiative went to for-profit developers and why the units being built often ended up being 30% to 120% above the average market rent. I called on the government to change the requirements to ensure that housing units built under this program are substantially below market rent, and reforms were included in the agreement the NDP entered into with the Liberals.</p>\n<p data-HoCid=\"7201072\" data-originallang=\"en\">I am glad the confidence and supply agreement has significantly reformed the RCFI, including changing the eligibility for the program to under 80% of average market rent and allowing for loans to be forgiven when rent is below this minimum threshold. The change also includes an increase in the percentage of units per building that need to meet that criteria, from 20% to 40%. By way of comparison, let us say no changes were made. Rent based on the Liberals' affordability definition under the old RCFI was $2,294 in Vancouver per month. Under the new agreement\u2014</p>",
        "fr": "<p data-HoCid=\"7201071\" data-originallang=\"en\">Madame la Pr\u00e9sidente, lors de la p\u00e9riode des questions du 21 mars, j'ai demand\u00e9 au gouvernement pourquoi 90 % du financement dans le cadre de l'initiative Financement de la construction de logements locatifs avait \u00e9t\u00e9 vers\u00e9 \u00e0 des promoteurs du secteur priv\u00e9 et pourquoi le prix de location des logements construits se situait bien souvent de 30 % \u00e0 120 % au-dessus de la moyenne du march\u00e9. J'avais demand\u00e9 au gouvernement de modifier les exigences afin que les logements construits dans le cadre de ce programme se louent bien en de\u00e7\u00e0 du prix du march\u00e9, et des r\u00e9formes ont \u00e9t\u00e9 incluses dans l'entente conclue entre le NPD et les lib\u00e9raux. </p>\n<p data-HoCid=\"7201072\" data-originallang=\"en\">Je suis heureuse que l'entente de soutien sans participation ait permis d'am\u00e9liorer grandement l'initiative Financement de la construction de logements locatifs, notamment en ce qui a trait \u00e0 la modification des crit\u00e8res d'admissibilit\u00e9 afin que le loyer des logements soit limit\u00e9 \u00e0 80 % du loyer moyen et \u00e0 l'octroi de pr\u00eats-subventions pour les logements dont le loyer est inf\u00e9rieur \u00e0 ce seuil. Ce changement comprend \u00e9galement une augmentation du pourcentage de logements construits qui doivent respecter ce crit\u00e8re, le faisant passer de 20 % \u00e0 40 %. Pour comparer, voyons ce qui serait arriv\u00e9 si aucun changement n'avait \u00e9t\u00e9 apport\u00e9. Selon l'ancienne d\u00e9finition de l'abordabilit\u00e9 des lib\u00e9raux dans l'initiative Financement de la construction de logements locatifs, le loyer mensuel \u00e0 Vancouver devait \u00eatre de 2 294 $. Avec la nouvelle entente... </p>"
    },
    "url": "/debates/2022/5/31/jenny-kwan-2/",
    "politician_url": "/politicians/jenny-kwan/",
    "politician_membership_url": "/politicians/memberships/4248/",
    "procedural": false,
    "source_id": "11723605",
    "h1": {
        "en": "Adjournment Proceedings",
        "fr": "Motion d'ajournement"
    },
    "h2": {
        "en": "Housing",
        "fr": ""
    },
    "document_url": "/debates/2022/5/31/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2022%2F5%2F31%2F"
    }
}