Today, Mayor Gregor Robertson and City Council approved a new housing development that will feature 178 units of rental housing in Vancouver’s West End neighbourhood, with 26 of the units secured at rents 20% below average West End area market rates.
Affordable Housing and Support for Renters
Last night, Mayor Gregor Robertson and City Council approved an innovative proposal that will see 31 social housing units built as part of a new fire hall in the Victoria-Fraserview/Killarney neighbourhood, in partnership with the YWCA.
“This project builds on City Hall’s work to deliver urgently needed affordable family housing,” said Mayor Gregor Robertson. “By partnering with the YWCA, we’re supporting low-income women and their families, delivering housing that our city needs and helping to provide new opportunity to many of our most vulnerable residents.”
Vancouver’s new Affordable Housing Agency has identified seven sites to build an estimated 800 units of affordable housing, with a priority on new homes for families.
A staff report to City Council today outlined the VAHA’s business plan, including its organizational structure, housing targets, projected rent mix and land for development. Council has dedicated $62 million in the 2015 Capital Plan to invest in affordable housing, with the expectation of leveraging up to $250-300 million from other partners.
Increasing family housing near parks and schools, and setting higher requirements for three bedroom homes in rezonings, are two of the new policies City staff are pursuing as part of efforts to increase housing for families in Vancouver.
Today City Council approved new incentives to get more family housing built in Vancouver. The changes build on the success of the City’s Rental 100 program, which provides incentives for the construction of rental apartments instead of condos and has generated almost 4,000 new rental homes.
The annual Housing Report Card will be presented to Council on May 26, 2015. It outlines our progress to enable, create, and protect housing that meet the needs of people on different incomes.
“The City is making an aggressive push to get new rental housing built, and to do what we can to enable new family housing in Vancouver,” said Mayor Robertson.