Darryl Schmidt Asks:
What are your plans to increase affordable housing if any?
BC Greens announced a $500 million program for Renters Support.
43% of renters in BC (about 250,000 people) spend over 30% of their income on rent.
This is having significant adverse effects on peoples’ mental health and wellbeing and makes it more difficult to save and plan for the future.
Despite some progress to cool the housing market, we need to do more to support people who rent their homes.
The B.C. Greens’ rental support program would:
Target low and moderate income earners who are paying more than is affordable on their rent.
Close the gap between affordable rent and what renters are actually paying.
Be a means-tested grant that applies to low and moderate income earners who are paying more than 30% of their income in rent.
(The B.C. Greens’ program differs from the B.C. NDP’s $400 rental rebate because it is a means-tested support for low- and moderate-income households paying too much in rent.)