Take further steps to expand diverse forms of housing in our communities and ensure that our housing is affordable for people who live and work in our cities. These steps include:
- Taking a housing-first approach and accelerate investments to affordable, supportive and social housing on a priority basis;
- Expanding supports for co-op housing through extending leases for existing co-ops about to expire, create a land bank for new co-ops, and provide security of tenure for co-ops on leased land;
- Work with local governments to expand the “missing middle”, such as townhouses and triplexes;
- Establish a capital fund to support the acquisition and maintenance of rental housing by nonprofits to maintain affordable rental units and address the financialization of the rental market;
- Close the bare trust loophole;
- Close loopholes in the speculation tax that allow too many foreign owners and satellite families to be exempt.
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