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New research! Equitable Transit Oriented Affordable Housing: A Necessary Complement to Transit Development in Hamilton, ON The Canadian Housing Evidence Collaborative (CHEC) have produced a compelling research report on an equitable approach to transit oriented development. They find: ▶ Canada is lagging behind the United States in recognizing that transit development and transit oriented development are often catalysts for reductions in housing affordability, the displacement of low-income and racialized people from the community, and the loss of local businesses, services and community spaces. ▶ This is especially true for governments responsible for planning and funding transit infrastructure development, which regularly promote the benefits of investment, without recognition of the negative effects it can cause. ▶ The characterization of Canada’s housing affordability problems as simply a problem of inadequate housing supply is a key barrier to the pursuit of equitable transit oriented development. ▶ Collaborator in the Hamilton Lab, the Canadian Urban Transit Association (CUTA) last year observed that the Federal Government’s proposed “Permanent Transit Fund represented an important opportunity to tie transit infrastructure funding to affordable housing development and preservation in transit station areas, however the likelihood of the Fund being designed this way was low given that the federal government does not acknowledge the negative impacts of transit development or the need to address them.” This can change! Maximizing the impact of public funds by using them to leverage private capital is a best practice in financing equitable transit oriented development (ETOD). In addition to leveraged capital, many US cities have found that a collaborative approach to equitable development is a common first step in achieving beneficial outcomes. With the Hamilton Transit Oriented Affordable Housing Lab, participants are working to launch a Pilot built on the research provided by the Canadian Housing and Evidence Collaborative above, as well as shared knowledge from participants, non-profit housing providers, people with lived experience, and the learning from past CMHC Solutions Labs including the Financialization of Housing, led by SI Canada. The Lab has been funded by the National Housing Strategy’s Solutions Labs program, administered through CMHC.  Download the full research report by CHEC on our website here: https://lnkd.in/egu2Wfsg

Equitable Transit Oriented Affordable Housing - Social Innovation Canada

Equitable Transit Oriented Affordable Housing - Social Innovation Canada

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