Following a public hearing, Vancouver City Council voted to approve a new co-housing project located in Vancouver’s Sunset neighbourhood. Meaning “Together + More”, Tomo House offers a creative housing solution that will see the addition of another twelve homes geared towards middle income families who live and work in Vancouver.
Affordable Housing and Support for Renters
In one of the final Council meetings before the summer break, City Council took major steps to support the delivery of hundreds of new affordable homes at Arbutus Centre and approved the selection of Catalyst Community Developments Society as the operator for two Vancouver Affordable Housing Agency (VAHA) sites in the Killarney and Mount Pleasant neighbourhoods.
Council also voted in favour of $1.8 million in capital contributions to help improve the liveability, safety, and affordability of single room occupancy (SRO) hotels in the Downtown Eastside.
New housing data coming forward to City Council next week shows that the City of Vancouver is doing far more than any other city in the region to both protect and increase rental housing, and is a leader nationally in creating new rental housing.
Vancouver City Council has voted to approve recommendations from City staff regarding the allocation of revenue collected to date from the first year of the Empty Homes Tax. Council approved staff recommendations that will see $8 million invested in a variety of affordable housing initiatives, with the majority going towards building more co-op and non-profit housing and improvements to living conditions in low-income housing.
A month after launching the new short-term rental regulations on April 19, the City is actively investigating over 1,500 listings which appear to be illegal. These include commercial operations and illegal/unsafe units that will not qualify under the new licensing program, in order to protect the safety and availability of Vancouver’s long-term rental stock.