The key component of supportive housing is affordability. Residents of supportive housing often have the lowest incomes, many relying on low pensions, welfare, or disability shelter allowances. Supportive housing must be developed and financed to cover its operating costs with low rents and low revenues. As the Project Manager, Cahdco can help housing providers that want to develop supportive housing create a feasible project by balancing the costs and revenues.
Helping people into permanent, stable housing that is affordable results in increased stability for residents and improved health outcomes. At the same time, some studies have shown that supportive housing yields returns to society in terms of subsequent efficiencies and reduced costs for other public services, like emergency shelters, the health care system, emergency services (including policing), and jails.
The case studies demonstrated that non-profit organizations have been able to develop successful supportive housing. In Ontario, it took considerably more effort by non-profit organizations without the support of the provincial government. On the other hand, in British Columbia, the provincial government provides funding to help finance projects, working directly with non-profit organizations, developing housing.
The announcement of the NHS (2017) brought promise and optimism for non-profit housing organizations with new opportunities for funding through various streams. However, there is no specific strategy, plan, or programs for supportive housing in the NHS. There is no earmarked funding for this type of housing, and it remains unclear how helpful the NHS will be when developing projects. Cahdco has experience applying to programs under the NHS, such as the National Housing Co-Investment Fund and Rental Construction Financing Initiative.