The city of Vancouver is planning to offer more than $42 million in land and capital grants aimed at developing affordable housing. Its part of a 10-year plan to end homelessness in the city.
More than 38,000 units of affordable housing would be built under the plan.
"The comprehensive plan calls for an additional 7,900 supportive and social housing units, 11,000 rental units, and 20,000 new condos and "ownership" units to be built in Vancouver, resulting in more affordable housing for everyone by 2021.
If approved on Tuesday, the Housing and Homelessness Strategy will unfold in two phases, beginning with a three-year strategy to stamp out homelessness by 2015."
FULL STORY: City to create 38,000 affordable-housing units as part of plan to end homelessness
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