05/08/2001

AMO supported the Minister of Municipal Affairs and Housing, passing regulation giving municipalities more flexibility in facilitating construction of affordable housing by extending tax treatment for rental properties from 8 years to indefinitely.
"Municipalities continue to do all they can to meet the affordable housing demands in their communities; however they clearly do not have the financial capacity or the ability to offer incentives given all the other budget needs and constraints," said Mulvale.  "The call for the Federal Government to examine potential changes to the income tax system and mortgage financing to encourage rental housing must receive serious consideration."

AMO urges both orders of government to align and do what is necessary to solve the affordable housing crisis.

AMO also agrees with the Province=s Housing Supply Working Group=s Interim report in calling on the Provincial Government to investigate a shelter subsidy program.  

"It will take all three orders of government to solve the affordable housing problem in Ontario. Municipalities don't have a lot of extra money, it is now up to the Provincial and Federal Governments to provide incentives," said Mulvale.

The Association of Municipalities of Ontario (AMO) is a non-profit organization with member municipalities representing 98 per cent of Ontario's population.   

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