Community Social Planning Council of Greater Victoria is proposing a portion of RRSP contributions are invested in affordable housing.
The council is proposing that Greater Victoria investors put a portion of their retirement savings in a local investment fund. The proceeds of the fund would go toward starting affordable housing. Once the housing comes on line, the startup costs are repaid to investors “with a reasonable financial return and a large social benefit,” Amyot said.
Read the article: Group seeks RRSP money to build affordable housing in Victoria
Source: Times Colonist
Author: Sandra McCulloch