Toronto Affordable Housing Summit 2016: Jean-Yves Duclos, Minister of Families, Children and Social Development

The video discusses the doubling of federal spending under the Investment in Affordable Housing, providing significant funding for provinces and territories to extend subsidies for social housing projects. These investments serve as a transitional measure leading to a new National Housing Strategy. The government introduces prepayment flexibility, allowing co-ops and non-profit housing providers to prepay long-term mortgages without penalty, enhancing their capacity to deliver affordable housing. This flexibility helps providers lower mortgage expenses, finance repairs, and transition to self-sustaining models.

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