Who Owns and pays for what?

Who Owns What?

Rather than a 'top-down' solution to housing people, non-profit works from the 'ground-up.'  Whether municipally or privately owned, non-profit housing corporations begin from the community and seek to meet needs of people in the community.

Non-Profit Housing: Ownership

Eighty-nine percent of non-profit housing organizations are owned by community groups such as service clubs, faith groups, ethnic organizations, YMCA/YWCA, Associations for Community Living, etc. The rest are controlled by municipalities. Municipal Non-Profits (MNP's) and Local Housing Corporations (LHC's) are comprise of the largest non-profit housing providers and represent 63% of all non-profit housing units in the province.

Who Pays for What?

Subsidies bring the cost of non-profit housing development and operation down to market rent levels.

Subsidies are provided by a variety of sources, including:

• Federal, provincial and municipal governments
• Community and charitable contributions
• All tenants pay rent -- this is the revenue foundation for all non-profits
• Rent Geared to Income (RGI) subsidies for low income households that cover the difference between their rent (which is 30% of their income) and market rent values
• Additional funding for support services for people who require assistance (eg. frail elderly, chronically homeless)

Rather than a "top-down" solution to housing people, the non-profit approach works from the "ground up" in the community.