Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the mid-twentieth century, inner-city areas designated for high-density housing tended to be, by default, reserved for rental units, according to David Hulchanski, professor of

In the mid-twentieth century, inner-city areas designated for high-density housing tended to be, by default, reserved for rental units, according to David Hulchanski, professor of housing and community development at the University of Toronto. And there were a lot of them. Rental stocka mix of privately owned apartments and publicly funded social housingsteadily increased between 1950 and the late 1960s, when more than 100,000 units were built every year with the support of government subsidies. Social housingfeaturing rents set below the market ratefollowed a similar arc, with the federal government funding some 20,000 units every year through the 1960s and '70s. With the introduction of the condominium form of home ownership in the early 1970s, however, our cities began to change, Hulchanski says. Government funding for rentals dried up through the 1980s as austerity measures took hold, culminating in the federal government cancelling all social housing funding in 1993. Paraphrase the authors idea in 1-2 sentence

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Global Business Understanding the International Environment & Global Business Functi

Authors: Julian Gaspar, James Kolari, Richard Hise, Leonard Bierman, L. Smith, Antonio Arreola Risa

2nd edition

1305501187, 9780547152127, 547152124, 9781111824259, 1111824258, 978-1305501188

More Books

Students also viewed these Economics questions

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago