The tenants of the 272 Caroline Street South in Hamilton are uniting to maintain the affordability of the 21-unit building by converting it into co-op housing.
On Wednesday, July 12, residents and supporters – including CHF Canada, the Golden Horseshoe Co-operative Housing Federation and the Hamilton and District Labour Council – gathered to rally in support of the tenants’ effort to purchase the property. The plan has support from the City of Hamilton, Canada Mortgage and Housing Corporation (CMHC), and Community Housing Transformation Centre. The movement is being spearheaded by Emily Power, a tenant at 272 Caroline Street, student, and non-profit worker.
Despite the widespread support, outstanding necessary repairs are threatening the sale agreement between the landlord and the tenants.
Amina Dibe, Senior Manager of Government Relations, represented CHF Canada at the rally. “We all know that the cost of living, and the cost of housing in particular, is at a crisis point both here in Hamilton and across the country,” said Dibe during her remarks.
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