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Oikeo Co-Ownership Initiative
The Oikeo Home Co-Ownership Initiative is designed to give a family who would never have a chance to own a home reach their dream of home ownership. The strategy begins with the application process, where Oikeo will select the family of choice and thenprocure the house for co-ownership; of course with the help of the many donations we need for this program. Our objective is to deliver an affordable home for those in need.
Donations
We all need to participate and it starts with donations to purchase containers for development use.
Procurement
Oikeo will procure, various 20' & 40' high cube shipping containers suitable for use in mult-dwelling projects.
Design & Site Selection
When a number of containers are procured we will approach various provincial municipalities with site selections for affordable housing purposes.
Build & Deliver
After which we will design and build affordable housing for those in need; housing that is affordable with sustainability in mind.
Core Housing Need
81,000
The number of households that are on the waiting list for subsidized housing.
18%
The percentage of households in Toronto that are spending more than 50% of their income on housing.
19%
Renter households that have unsuitable housing is considerably high
200,000
Over 200,000 Toronto renters had a core housing need; we all need to do more and play our part in the solution.