200 City-owned Sites to be used for Affordable Housing

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.