Close X
Thursday, November 14, 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

    Man Punches Bear In The Nose In Fight For Survival During B.C. Beachcombing Trip

    Man Punches Bear In The Nose In Fight For Survival During B.C. Beachcombing Trip
    QUALICUM BEACH, B.C. — A British Columbia man's beachcombing trip turned into a harrowing fight for survival as a grizzly bear flailed him around "like a puppet."

    Man Punches Bear In The Nose In Fight For Survival During B.C. Beachcombing Trip

    B.C.'s Independent Police Watchdog Clears RCMP Officer Of Fatal Shooting

    B.C.'s Independent Police Watchdog Clears RCMP Officer Of Fatal Shooting
    An RCMP officer on Vancouver Island has been cleared of any potential wrongdoing following a fatal shooting two years ago.

    B.C.'s Independent Police Watchdog Clears RCMP Officer Of Fatal Shooting

    One Man Is Dead After Shooting In Industrial Area Of Chilliwack, B.C.

    One Man Is Dead After Shooting In Industrial Area Of Chilliwack, B.C.
     A shooting in an industrial area of Chilliwack, B.C., has left one man dead. Police say they were called Friday to reports that shots were fired. 

    One Man Is Dead After Shooting In Industrial Area Of Chilliwack, B.C.

    RCMP Says Motive, Suspect In Burnaby Teen Marrisa Shen's Killing Still Unknown

    RCMP Says Motive, Suspect In Burnaby Teen Marrisa Shen's Killing Still Unknown
    The body of Marrisa Shen was found in Burnaby's Central Park early Wednesday morning, less than three hours after her family reported her missing to police.

    RCMP Says Motive, Suspect In Burnaby Teen Marrisa Shen's Killing Still Unknown

    John Horgan Hikes Welfare, Disability Rates, Hires For ICBC, Hydro, BC Housing

    John Horgan Hikes Welfare, Disability Rates, Hires For ICBC, Hydro, BC Housing
    VICTORIA — British Columbia Premier John Horgan is making good on his campaign pledge to hike income assistance and disability rates by $100 a month.

    John Horgan Hikes Welfare, Disability Rates, Hires For ICBC, Hydro, BC Housing

    Vancouver's Request For Cash To Address Opioid Crisis Would Drain Budget

    Vancouver's Request For Cash To Address Opioid Crisis Would Drain Budget
    VANCOUVER — The City of Vancouver says it will ask council to approve an additional $600,000 in spending on the opioid crisis as officials estimate over 400 people could die of illicit drug deaths by the end of the year.

    Vancouver's Request For Cash To Address Opioid Crisis Would Drain Budget