Dan Fumano: The fight for — and against — affordable rental housing in Vancouver

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 61%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

“Make the units smaller, and make the building higher. Well, that’s like the ghetto. You’re dropping the ghetto in Kitsilano.”

There’s a word often tossed around Vancouver council meetings lately that might sound odd to the untrained ear: “MIRHPP.”It stands for Moderate Income Rental Housing Pilot Program, and city staff, politicians and many others hope MIRHPP will achieve what an earlier program could not: produce rental housing that’s affordable for low-to-medium-income households.

The numbers suggest he’s not exaggerating. Through much of the 1960s and ’70s, the City of Vancouver built an average of 2,000 new units of rental housing every year. That number plummeted to a few hundred per year over the next three decades, which the city attributes to the end of federal tax incentives for rental housing, and new legislation enabling condo ownership.In 2008, the city approved zero rental units.

MIRHPP aims to produce homes for those incomes, with 20 per cent of each project’s floor space secured at rates currently 30- to 40-per-cent below market rents, including $950 for a studio and $2,000 for a three-bedroom. Unlike Rental 100 homes, rents for MIRHPP units can only be increased by the province’s maximum annual allowable rate, even when a new tenant moves in.

But will communities accept bigger buildings if it means their new neighbours will get affordable homes? Or if they don’t, will council approve those buildings despite neighbourhood opposition? “The only way they can make work is to make it higher,” Osburn said. “Make the units smaller, and make the building higher. Well, that’s like the ghetto. You’re dropping the ghetto in Kitsilano … We are one of the treasures of the city.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dan Fumano: Vancouver hits housing targets for bottom and top, missing the middleWhile home ownership may have long been out of reach for many Vancouverites, the city struggles to produce enough rental homes that are affordable even for households earning median incomes. Hmm if the target is lowest sales in 30 years it was achieved
Source: VancouverSun - 🏆 49. / 61 Read more »

Dan Fumano: As city struggles to build housing for middle-income families, landlords pitch an ideaVancouver, which has a median yearly household income of about $72,000, struggles to meet its own targets for rental housing production for middle-income families.
Source: VancouverSun - 🏆 49. / 61 Read more »