Luxury condominiums, here we come
this post was submitted on 04 May 2024
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It's ridiculous. Instead of providing more public housing they're just tearing it all down. It's like this government is run by developers.
Aren't they rebuilding the towers?
The number of units overall will increase, but iirc the number of genuine public housing units will go down. More will be offered as "social housing" (in cahoots with a social housing provider - privatised profits for poor service outcomes based on the reports going around), or as "affordable housing" (pegged to market rates. I believe the property management will be contracted out to a private third party as well).
Oh I was under the impression that they were essentially just rebuilding them a few stories higher in a nicer building. Disappointing to hear they're going down the privatisation route.
They can’t just expect to live in the Supreme Court though.