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Archive for ◊ Affordable Housing ◊

Mayor Gregor Robertson and City Council approved a $1 million grant this morning that will help reopen the Bosman Hotel in Downtown Vancouver for affordable housing, providing 100 homes for people on low incomes.

“This project will be a big boost for people on low incomes who call Downtown Vancouver home and are having trouble finding a place to live,” said Mayor Gregor Robertson. “Thanks to a creative partnership with the owner of the building and Community Builders Group, we’re able to utilize the Bosman Hotel and open its doors for people who need housing the most.”

The $1 million grant from the City is part of ongoing investments by City Council to invest in low and modest-income housing. It will allow 100 rooms in the Bosman to be renovated and restored. Community Builders Group has signed a lease with the owner of the Bosman for the next five years to use it as affordable housing.

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Year-end figures show that Vancouver set a record for new laneway housing, with 357 permits issued in 2014. This follows 345 and 350 permits issued in 2013 and 2012. Vancouver also saw a strong surge of new rental housing, with 953 new units approved, following 1,104 in 2013. In 2008, there were zero units approved.

“With more than half our city renting and some of the lowest vacancy rates in Canada, new rental housing is meeting a crucial need for Vancouver residents,” said Mayor Gregor Robertson. “The success of our laneway housing program is delivering modest-income rental housing for seniors and young families, and new rental apartments are springing up along transit routes, providing a more affordable option than condos.

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Mayor Gregor Robertson was sworn in to serve a third term in office today, and outlined an ambitious vision for new heights of Vancouver leadership in the four years ahead in his third inaugural address as Mayor.

“This is a city confident in its mantle of leadership, a mantle that is global in scope and reach – not just confident, but hungry for us to do more, and to do better,” said Mayor Gregor Robertson. “I am grateful for that vote of confidence. And I intend to work my hardest over the next four years to demonstrate that we’ve heard that call.”

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Mayor Gregor Robertson
Inauguration Address
December 8, 2014

Check against delivery

 

Thank you all for joining us today.

We are grateful to be gathered on Musqueam, Squamish and Tsleil Waututh territory, and we offer our thanks to the Coast Salish people.

I want to offer my thanks to the outgoing Council, School Board and Parks Board.

And to those who are returning, or joining us for the first time, congratulations. You face very big challenges, but you’re taking on one of the most important jobs public life has to offer. And I’m looking forward to working with you all.

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More than 50% of new rental and social housing approved in the past decade was done in the last two years alone, according to City of Vancouver data that demonstrates an affordable housing surge in Vancouver.

According to year-to-date data through July 2014, 67% of all rental housing approved since 2003, and 55% of all social housing approved since 2003, has taken place since 2012.

“We’re seeing record levels of new rental and social housing being built in Vancouver, which is crucial for building a future where our city is more inclusive and prosperous,” said Mayor Gregor Robertson. “We’re seeing new housing built that meets the needs of people who live and work in our city. Our housing plan and programs are working and the shovels in the ground prove it.”

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The City approved the creation of a new Affordable Housing Agency last night, an arms-length organization based on best practices in other cities to enable the creation of new low and modest income housing in Vancouver.

The Vancouver Affordable Housing Agency (VAHA) will also collect available data on issues such as vacant homes, and provide information on ways to limit investor speculation and unnecessary vacancies in Vancouver’s housing market.

“The Vancouver Affordable Housing Agency will be a key tool in the City’s efforts to create new affordable housing that meets the needs of local residents,” said Mayor Gregor Robertson. “As well, by designating it as a research hub to monitor issues such as vacant homes and excessive investor speculation, the VAHA will contribute to an informed, fact-based discussion of Vancouver’s housing market.”

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