A plan to make housing more affordable in one of North America’s most expensive cities will likely be approved Wednesday.
Vancouver’s city council has received a report detailing how 25-hundred new units could be created by the year 2021.
Councillor Kerry Jang says the proposed Affordable Housing Agency will focus on families with a household income lower than 80-thousand dollars a year.
“You have to meet a means test. If you’ve got money and you can afford market housing, that’s where you go and so, we’re building a range of housing to suit different pocketbooks.”
But NPA Councillor George Affleck says the million-dollar agency is wasteful… and redundant.
“We’re going to be having an organization that does what we already are doing. I can only assume that the point of this corporation is to fastrack projects that fit within the criteria of Vision Vancouver.”
The agency is expected to deliver 500 units in the first three years.