 First Nations $300M federal housing fund builds just 99 homes Market forces were supposed to help First Nations resolve their housing crises when the Harper government created a special $300-million mortgage-support fund in 2008. Six years later, the fund's aggressive target of 25,000 new homes looks highly unrealisCommentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Besides 300 million for 25 000 houses, only works out to $12 000 a house.....what kind of house can you build for $12 000???
Give out the addresses of those who were milking the program to those who are living 12 to a house, that has no plumbing, is full of mold and has boards covering all their windows.
Besides 300 million for 25 000 houses, only works out to $12 000 a house.....what kind of house can you build for $12 000???
The money isn't to build the house, it's to back the down payment for the house.
Never mind that there will be no market for the houses, or that people without jobs or incomes can't get a mortgage . . .
What the hell kind of house can you buy with a $ 12 000 down payment? We spent that much remodeling our bedroom and en suite. But as you pointed out, how are people who haven't got jobs going to afford paying back even that small amount?
Like the article said :
"There is no definitive evidence that there is a need for a fund explicitly designed for this form of credit enhancement, and no evidence that this fund in particular will meet its stated objectives of increasing home ownership and reducing reliance on federal assistance for social housing," it found.
A housing specialist in Saskatchewan with the Prince Albert Grand Council says the fund was created without proper First Nations consultation, in a typically paternalistic way.
"I think the program should be stopped," Frank Bighead said in an interview. "Nobody consulted with us."
But hey, Canada's Government(R)(TM) is working on solving the Native housing crisis! No need to worry!
What the hell kind of house can you buy with a $ 12 000 down payment? We spent that much remodeling our bedroom and en suite. But as you pointed out, how are people who haven't got jobs going to afford paying back even that small amount?
Like the article said :
"There is no definitive evidence that there is a need for a fund explicitly designed for this form of credit enhancement, and no evidence that this fund in particular will meet its stated objectives of increasing home ownership and reducing reliance on federal assistance for social housing," it found.
A housing specialist in Saskatchewan with the Prince Albert Grand Council says the fund was created without proper First Nations consultation, in a typically paternalistic way.
"I think the program should be stopped," Frank Bighead said in an interview. "Nobody consulted with us."
But hey, Canada's Government(R)(TM) is working on solving the Native housing crisis! No need to worry!
Just more Reformacon dogma run amok.