Vancouver City Council approves new social housing in Downtown South & new affordable rental units in Kitsilano
Two projects approved by Mayor and Council at last night’s Public Hearing will deliver significant new social housing and affordable rental housing units.
A five-storey mixed-use building at 3302-3036 W Broadway will offer 83 units of affordable rental housing as part of the City of Vancouver’s Rental 100 program, which aims to enable new rental housing construction in Vancouver. In addition, a new 15 storey building in Downtown South (1107 Seymour) will offer 81 units of social housing and four floors of social service space for Positive Living BC and AIDS Vancouver.
“Vancouver has a pressing need for more supportive housing and more affordable rental housing, especially for seniors, students, and young families,” said Mayor Gregor Robertson. “These projects build upon the City’s consistent work to support Vancouver renters, provide urgently needed housing for our most vulnerable residents, and make Vancouver more affordable for residents of all backgrounds.”
The 83 new rental units follow a record year in 2012 for new Vancouver rental housing, and City Council’s unanimous decision earlier yesterday to move forward with 355 new units of affordable rental and co-op housing on four City-owned sites. The project’s target rent of $1,325 for a one bedroom is considerably cheaper than average rents for similar new apartments in Vancouver ($1,517).
The project on West Broadway aligns with the recommendation of the Mayor’s Housing Affordability Task Force to enable projects with 100% rental housing in neighbourhoods well-served by transit.
50% of the units in the 15-storey Downtown South development will be targeted to those on social assistance, with the other half of units serving the low-end of the market with rents geared to income levels and based on need.