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 nightâ€™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 Vancouverâ€™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.
â€œVancouver has a pressing need for more supportive housing and more affordable rental housing, especially for seniors, students, and young families,â€ said Mayor Gregor Robertson. â€œThese projects build upon the Cityâ€™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.â€
The 83 new rental units follow a record year in 2012 for new Vancouver rental housing, and City Councilâ€™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 projectâ€™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 Mayorâ€™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.