The already dire housing crisis in Vancouver is about to worsen with the mass expiration of funding and operating agreements for 25,000 social housing units. By 2033, 99 per cent of operating agreements across the country will have expired if current austerity measures are not reversed, amounting to $3.5 billion of reduced government expenditures annually (Steve Pomeroy, "Was Chicken Little Right? Case Studies on the Impact of Expiring Social Housing Operating Agreements," Canadian Housing and Renewal Association, p. ii). Presently there are no federal or provincial plans to initiate new or extend existing operating agreements.