Mayor Robertson announced today that he will be supporting the staff recommendation to create a 50/50 split of affordable housing in the Olympic Village.
Staff are recommending that of the 252 units of affordable housing at the Olympic Village, 50% of them be dedicated social housing, and 50% be rented at market rates with the units targeted as workforce housing for people who work in essential services in Vancouver.
"Keeping half of the affordable housing units as social housing and half as market rentals strikes the right balance," said Mayor Robertson. "We need to keep our Olympic commitment to an affordable housing legacy in the Olympic village, and this allows us to do it. At the same time, we’re mitigating costs to taxpayers."