Editorial:  The ‘financialization’ of housing puts profit over people

Editorial: The ‘financialization’ of housing puts profit over people

The financialization of housing, according to the United Nations’ Human Rights Commission, “occurs when housing is treated as a commodity—a vehicle for wealth and investment—rather than a social good.” Admittedly, the subject sounds as dry as month-old toast, but it is critical to understanding why, in a society as wealthy as ours, so many people cannot afford an appropriate place to call home.

Housing groups applaud new round of RHI funding

Housing groups applaud new round of RHI funding

The federal government announced $1.5 billion for the second round of the rapid housing initiative on June 30. This phase of the program, which addresses some of the concerns raised in the first round, was well received by community-housing stakeholders, although they want the initiative to be become a permanent program.