There will be a common thread within my answers; co-operatives have historically helped people through affordability crises and I know they help people in housing as well. A good example of a housing co-operative at work here in Kamloops is the Sahali Housing Co-operative. Their model allows for the purchase of a $2,000 share and then an approximate $1,000 monthly housing cost. The board of this co-operative would decide on any monthly housing cost increases which would only happen if the entire co-operative voted to approve them. These would likely only be necessary if there were some repairs or maintenance beyond the scope of the contingency fund.

I don't have experience in developing housing co-operatives myself, however, there are people in that field who can and do help communities pull these types of investments together. I fully believe that we as a City could be focusing attention on these developments as way to improve affordability of housing in Kamloops.

https://www.chf.bc.ca/living-co-op/