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Tag-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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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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The City is set to launch the new Vancouver Affordable Housing Agency this week, with a report coming to City Council to establish a new agency that will deliver 2,500 new units of affordable housing over six years. It is based on a recommendation from Mayor Robertson’s Affordable Housing Task Force.

“The Vancouver Affordable Housing Agency is our next step in creating new affordable homes for local residents in Vancouver,” said Mayor Gregor Robertson. “We need to be providing a range of housing for different incomes – not just welfare rates, but low and middle-incomes as well.

“We can’t just let the market decide. The City needs to be a leader in creating the affordable housing our residents deserve, especially when there is such a shortage of affordable homes in Vancouver. The VAHA will help make that happen, and I urge all of City Council to support it this Tuesday.”

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Supports new Dragon Boat Facility, secures new opportunity for affordable housing, moves forward with new park planning

A development featuring a total of 620 new residential units was approved by City Council at last night’s Public Hearing, with two new towers to be constructed just west of the Cambie Bridge in North False Creek.

A community amenity contribution of $4.2 million secured from the project will support the building of a new Dragon Boat facility at Creekside Community Centre, fulfilling a longstanding major demand for the popular sport on False Creek. The developer also transferred title to 58 West Hastings (across from Saveonmeats) to the City of Vancouver for use as a future affordable housing site.

Council also directed staff to report back with a timeline on the delivery of a significant new park for Northeast False Creek, in conjunction with the viaducts report anticipated for next year.

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