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.'"
FULL STORY: Vancouver to boost building of low-cost rentals with stimulus plan
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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