Mayor Gregor Robertson is urging City Council to support an innovative proposal for 355 new units of affordable rental housing on four City-owned sites, which would deliver on a key recommendation of the Mayor’s Task Force on Housing Affordability.
The proposed new affordable housing will include a minimum of 273 units with rents significantly below market rates, with priority for all 355 units going first to those who currently live in Vancouver. 48 units will also primarily serve persons living with mental illness.
“Vancouver has an urgent need for more affordable housing that fits with our neighbourhoods and makes our city more livable for seniors, students, and young families,” said Mayor Robertson. “With 355 new units of secure and affordable rental housing, this proposal represents a significant step toward meeting that need. It’s encouraging to see such strong and early progress after the work we’ve done to enable innovative affordable housing solutions throughout Vancouver.”