July 12, 2017 (Vancouver, BC) – Mayor and Council have approved 51 new homes at Mi Casa (870 E.8th Ave), a social housing site operated by the Red Door Society. The new development, which includes a minimum 30 per cent of homes for tenants with income below $60,000, will replace the existing deteriorating 22 unit building, and deliver new affordable rental homes available on a month-to-month basis.
“Vancouver’s affordability crisis persists in affecting all incomes and neighbourhoods, but finding affordable, secure housing for residents on low and moderate incomes is particularly tough. I’m proud to support the Red Door Society in delivering sorely needed affordable housing for some of our most vulnerable residents – low income seniors and families – close to transit and community amenities in the heart of Mount Pleasant.”
61 per cent of the new, upgraded 51 unit Mi Casa is geared toward low and moderate income families, and includes 24 three-bedroom, 7 two-bedroom, 19 one-bedroom and one studio homes. Current Mi Casa tenants will have the opportunity to relocate into the new development through the Tenant Relocation Plan.
Mi Casa was built in 1985 as a non-profit affordable housing project for low- and moderate income residents. In April 2014, due to serious and ongoing building envelope issues and resulting water damage and mold, the Red Door Housing Society completed a feasibility review to explore options for building upgrades, redevelopment, and sale of the property with the proceeds being used for development on an alternate site. The Society’s Board approved an option to redevelop the site at a higher density, subject to the redevelopment being an affordable mixed-income project providing a minimum of thirteen “rent geared to income” homes for seniors and/or families, and that the existing tenants would be assisted in their relocation and given the option to return to the new building upon completion.
Mayor Robertson and Council have taken a number of steps to tackle Vancouver’s housing crisis, including:
- Investing $80M in the 2017 Capital Plan for affordable housing - the most ever;
- Approving a record number of new rental homes;
- Bringing in Canada’s first Empty Homes Tax;
- Regulating short-term rentals, like Airbnb;
- Pursuing modular housing on city-owned sites;
- Offering 20 sites of City-owned land worth $250 Million to senior governments to use for affordable housing;
- Increasing family home requirements in new housing projects to 35%; and
- Providing four City-owned sites to enable Vancouver’s first Community Land Trust.