Vancouver Begins Incentive Program to Boost Affordable Housing
Next month, Vancouver will begin a two-and-a-half year incentive program to encourage developers to build affordable housing.
Developers will be allowed to build more space, smaller units, and get reprieves from certain fees if they build affordable units. The city has struggled with short supplies of affordable and rental housing since tax beraks were eliminated in the 1970s.
"The program, which the city aims to start by July 6 and which will last until Dec. 15, 2011, is not just a first for Vancouver but for Canada, when it comes to a city pushing an affordable-housing agenda.
'I'm hoping we can create 2,000 units,' said Councillor Raymond Louie, who is spearheading the initiative at city hall that is being presented in a report going to council today. 'It's a pretty good economic stimulus package.'"
- Login or register to post comments
- Email this page
- Plan to Revitalize Public Housing Stymied by NYC Parking Requirements - Oct 17, 2011
- Renovation Coming to Long-Troubled Harlem Tenements - Aug 31, 2011
- Vancouver Plans Big Build to End Homelessness - Jul 26, 2011
- Olympic Village Blasted for Missing Affordable Housing Targets - Dec 29, 2010
- Operational Issues Keeping Residents Out of Olympic Housing in Vancouver - Oct 01, 2010


















