As a response to rising rental prices and low vacancy rates, Vancouver planners have created a package of zoning and process changes to provide incentives for new multi-family developments.
This week, the Vancouver City Council "will consider a staff report containing recommendations for enhancing the city’s policies for boosting construction of purpose-built rental housing," report Dan Fumano.
Planners organize the amended Secured Rental Policy, available in the form of a 236-page report [pdf], around ten key recommendations for increasing the supply of rental housing in the city of Vancouver. Recommendations include "supporting repairs of old buildings, making it easier to build six-storey, mixed-use buildings on main streets and allowing four-storey apartment buildings on side streets in previously low-density residential areas," according to Fumano.
Other recommendations include 'pre-zoning' to allow mixed-use projects to be built without a public hearing and rezoning process and a zoning change "to allow four-storey rental apartment or townhouse buildings in 'low-density transition areas' — defined as residential blocks within 150 metres from an arterial street."
The recommendations included in the amended Secured Rental Policy have the support of Mayor Kennedy Stewart, who campaigned on a platform of pro-housing development policies, according to Fumano. Additional coverage of the city's proposed approach to its housing affordability challenges is available in a separate article by Frances Bula.
The news about the Secured Rental Policy comes shortly after the city kicked off a long-awaited citywide planning process.
Read the full story: Four-storey apartment buildings could replace houses on more Vancouver side streets
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