Today’s budget from the BC government is a huge step forward in helping our most vulnerable residents. It tackles some of our most pressing challenges and makes significant investments in areas like mental health, homelessness and renters’ rights - areas that have been dramatically underfunded in recent years.
Building on yesterday’s announcement from the City of Vancouver to enable 72,000 new units of housing across the city, today staff presented plans and put forward bold new actions to address the housing crisis for the city’s most vulnerable populations. By increasing the City’s target for new units of social and supporting housing by 50 per cent, addressing the immediate needs of more than 600 homeless residents, and proposing strategies to enhance and maintain existing rental properties, the City is prioritizing action to create the right supply of housing, with the right supports.
Interim targets will see the right supply of housing across all of Vancouver
Proposed pilot at Oakridge Municipal Town Centre would require 20% of homes in new rental buildings to be long-term affordable
Changes could deliver more duplexes, coach houses, laneways for individuals and families
New seven-storey building increases site to 51 new homes for low-income residents, replacing and creating new homes beyond the current 22