It’s not every day that the City of Vancouver announces an initiative as grand as the Endowment fund created to help deliver 12 000 affordable homes, and a total of 72 000 homes over the next 10 years. Vacant City-owned sites play a central role in the project as 200 City-owned assets (vacant and non-vacant sites) will be amalgamated to enable the City to realise its project. The City’s general manager of planning Gil Kelley stated: “This fund will allow the City to deliver the maximum amount of non-market housing for residents by leveraging the assets we currently own. Combining these assets will significantly enhance our ability to deliver on Housing Vancouver targets.”

For more information, please read: Vancouver Council greenlights $2B affordable housing fund