Close X
Wednesday, November 13, 2024
ADVT 
National

Housing Vancouver Project Provides Affordable Homes for Locals

Mayor Gregor Robertson, 26 Jul, 2017 01:42 PM
    At Vancouver City Council this week, we proposed the biggest affordable housing boom in Vancouver’s history.  The Housing Vancouver proposal puts local people and incomes first and takes action today to deal with Vancouver’s housing crisis.
     
     
    The plan aims to create 72,000 new homes that are affordable for people who live and work in Vancouver. Vancouver doesn’t just need supply, it needs the right kind of supply local people on local incomes can afford.
     
     
    The City is doubling down on affordable housing backed by the principle that no one should spend more than 30 per cent of their income on their home. We’re putting a big focus on rental housing and prioritizing innovative ideas like this pilot project that will ramp up the City’s delivery of affordable housing for renters across the spectrum.
     
     
    To guarantee affordability – benchmarked by the City at no more than 30% of household income spent on housing - rents will be directly connected to tenants’ incomes, between $30,000 and $80,000 per year.  Projects that rents for the new, mandated affordable rental homes could range from:
     
     
    • $850-$1,000 for a studio,
    • $1250-$1500 for a one bedroom, and
    • $1700- $2100 for a two bedroom.
     
     
    The new approach is part of the City’s update to the Housing Vancouver strategy – the City’s new way to deliver the right supply of housing to match local needs and incomes The City is exploring developing a new pilot program to expand this approach, and if successful, the pilot could be expanded city-wide to provide potentially thousands more mandated affordable rental homes.
     
     
    Housing Vancouver is a culmination of several initiatives from the City that tackles the housing affordability crisis, including:
     
     
    • Re-setting housing targets to be geared to income bands, to deliver a more appropriate supply of housing that meets local needs and incomes;
    • Investing $80M in the 2017 Capital Plan for affordable housing - the most ever;
    • Approving a record number of new rental homes;
    • Bringing in Canada’s first Empty Homes Tax;
    • Proposing regulating short-term rentals, like Airbnb;
    • Pursuing modular housing on city-owned sites;
    • Offering 20 sites of City-owned land worth $250 Million to senior governments to use for affordable housing;
    • Increasing family home requirements in new housing projects to 35%; and
    • Providing four City-owned sites to enable Vancouver’s first Community Land Trust
     
     
    For more information, visit www.vancouver.ca/housing
     
     
     

    MORE National ARTICLES

    Search Suspended In Fraser Valley For Vancouver Woman Last Seen On July 8

    Search Suspended In Fraser Valley For Vancouver Woman Last Seen On July 8
    AGASSIZ, B.C. — RCMP in Agassiz, B.C., say the search has been suspended for Sophie Dowsley, two weeks after she and her hiking companion were reported missing in the Fraser Valley.

    Search Suspended In Fraser Valley For Vancouver Woman Last Seen On July 8

    Saving Omar Khadr: 'We Plugged All The Holes,' Chopper Medic Recounts

    Saving Omar Khadr: 'We Plugged All The Holes,' Chopper Medic Recounts
    For years the battle-hardened and decorated American veteran wrestled with his conscience, with whether he'd done the right thing in saving the life of Omar Khadr, seen by many as a terrorist who profited from his crimes.

    Saving Omar Khadr: 'We Plugged All The Holes,' Chopper Medic Recounts

    Winds Create Concerns As Some B.C. Wildfire Evacuees Return Home

    Winds Create Concerns As Some B.C. Wildfire Evacuees Return Home
    Residents of two communities evacuated due to wildfires in British Columbia have been allowed to return, but officials say it's unclear when thousands of others will be allowed to go home.

    Winds Create Concerns As Some B.C. Wildfire Evacuees Return Home

    Wildfire Conditions Remain Stable In B.C., Although Several New Blazes Sparked

    Wildfire Conditions Remain Stable In B.C., Although Several New Blazes Sparked
    KAMLOOPS, B.C. — Wildfire crews in British Columbia continue to keep a close eye on the weather but despite predictions of strong winds and lightning, conditions remained relatively stable over the weekend.

    Wildfire Conditions Remain Stable In B.C., Although Several New Blazes Sparked

    Kelowna, B.C., Teen Completes English Channel Swim, Raising Thousands For Charity

    Kelowna, B.C., Teen Completes English Channel Swim, Raising Thousands For Charity
    KELOWNA, B.C. — While many teens spend summers relaxing, a 17-year-old from Kelowna, B.C., has been pushing her body and mind to the limits and raising thousands of dollars for charity in the process.

    Kelowna, B.C., Teen Completes English Channel Swim, Raising Thousands For Charity

    Vancouver Police Say New Program Could Stop Crime Before It Happens

    Vancouver Police Say New Program Could Stop Crime Before It Happens
    VANCOUVER — The Vancouver Police Department says it will be the first in Canada to start using a new crime-prediction model that could stop crimes before they happen.

    Vancouver Police Say New Program Could Stop Crime Before It Happens