Yens and the NDP will put an end to out-of-control rent increases and the lack of affordable housing in Regina South with a solid plan for renters and new home buyers.
The NDP outlined its multi-faceted plan to stop skyrocketing rent increases through next-generation rent control; build affordable housing via incentives for developers, co-operatives and community organizations; and target homelessness through a Housing First strategy in its first four years of government.
“The NDP will end these out-of-control rent increases as soon as we are elected government,” said Yens Pedersen, “Housing needs to be affordable for everyone, and our next-generation rent control plan is fair for renters and for landlords. I know that here in my constituency of Regina South, this is a top issue on the doorstep that I am hearing over and over again.”
The NDP plan for stopping out-of-control rent increases and building affordable housing includes:
Introducing next-generation rent control. By introducing legislation that uses a “fair rents” model, the rent control plan includes allowances for new construction and non-corporate landlords.
Building affordable homes using incentives for private developers such as PST rebates on material input costs for new homes priced under $280,000 and giving first-time home buyers a $2,000 grant to cover closing and related costs.
Building 2,500 new affordable rental units by investing $216 million more in community-based organizations and co-operatives, including 1,000 units dedicated to student accommodation. Included in this investment is a $20 million commitment to the Housing First approach to fight homelessness.
Help community-based organizations and co-operatives purchase land with $20 million commitment, as well as offer no-interest loans for construction of new affordable units.
The total cost of the NDP’s commitments to affordable rent and housing is $320.8 million over four years.
“Regina South residents need and deserve a government that will address the issue of housing head-on,” said Pedersen. “We hear from people who are facing skyrocketing rents and too few affordable housing options all the time. It’s time for next-generation rent control because it’s the responsible thing to do.”
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Rent Control is the Top Issue in this Campaign
Yens and the NDP will put an end to out-of-control rent increases and the lack of affordable housing in Regina South with a solid plan for renters and new home buyers.
The NDP outlined its multi-faceted plan to stop skyrocketing rent increases through next-generation rent control; build affordable housing via incentives for developers, co-operatives and community organizations; and target homelessness through a Housing First strategy in its first four years of government.
“The NDP will end these out-of-control rent increases as soon as we are elected government,” said Yens Pedersen, “Housing needs to be affordable for everyone, and our next-generation rent control plan is fair for renters and for landlords. I know that here in my constituency of Regina South, this is a top issue on the doorstep that I am hearing over and over again.”
The NDP plan for stopping out-of-control rent increases and building affordable housing includes:
The total cost of the NDP’s commitments to affordable rent and housing is $320.8 million over four years.
“Regina South residents need and deserve a government that will address the issue of housing head-on,” said Pedersen. “We hear from people who are facing skyrocketing rents and too few affordable housing options all the time. It’s time for next-generation rent control because it’s the responsible thing to do.”