There’s no such thing as a ‘no money miracle’ when it comes to affordable housing. Project developers need money for development (or acquisition of existing homes), and also money for daily operations, and a third bag of money as a reserve for future issues (like replacement of appliances). The Wellesley Institute’s Michael Shapcott gave a presentation to the social economy speakers’ series at University of Toronto / OISE on innovation in housing financing in the past, and innovation that’s on the horizon. A link to the webcast of the series will be posted shortly.
Innovations In Financing Affordable Homes: Presentation To UofT/OISE Social Economy Forum
