Rental Development Program and Social Policy Change - Len Usiskin CUISR Community Update

Budgets and Units Provided Through the RDP • In 2022, $2.6 million - 39 housing units • In 2021, $6.3 million - 79 housing units • In 2020, $2.2 million - 28 housing units • In 2019, $9.3 million - 78 housing units • In 2018, $16.7 million - 180 housing units • In 2017, $12.6 million - 196 housing units • In 2016, $10.7 million - 120 housing units • In 2015, $15.4 million - 648 housing units SK Re. [...] • Eligible organizations • Have to have the capacity and resources to deliver the proposed services or has a partnership with a recognized agency to ensure the delivery of the proposed services; (RDP funding must be used to keep rents affordable. [...] RDP Research Questions • What is the income of tenants residing in RDP funded units? • Are rents provided by RDP funded organizations truly affordable for low income tenants (especially those on SIS) • What role does the SK Housing Benefit play in making rents more affordable? • Does the RDP provide a sustainable funding model for organizations operating affordable rental units for the 10 to 20 ye. [...] • What are the services needed? • How are organizations funding these services and are the services provided sufficient? • What changes to the RDP model could there be? The one time capital subsidy is not sufficient. [...] • Larger capital subsidies to help keep rents affordable? • Ongoing operation funding to ensure properties can be properly maintained and managed? • Ongoing support service funding to ensure tenants needs are met, to ensure housing is safer, to reduce turnover and evictions Rental Development Program and Social Policy Change Affordable Housing Development in SK Rental Development Program (RDP) Bud.