The City of Vancouver’s annual Housing Report Card goes before council next week, marking the halfway point in the city’s ten-year Housing and Homelessness Strategy.
Over the last five years the City says it has contributed over $600-million to create affordable housing, $250 million in land and $360 million in new affordable housing.
Nearly half of all rental housing in Metro Vancouver is being built in the city.
The report also says more than 50 per cent of households in the city now rent.
Over the next five years the city says it’ll update policies to preserve existing rental homes, and will increase social and supportive housing for low-income residents.
The city also promises to create more family-friendly housing.
Currently less than one percent of the City’s existing purpose built market rental housing stock includes 3-bedroom units. The key actions identified for the coming 5 years include:
• increasing family oriented units in rezoning applications;
• encouraging more 3-bedroom units in rental projects;
• modernizing the City’s family-friendly apartment design guidelines to improve livability and affordability; and
• exploring innovative housing types (i.e. co-housing).
READ: 2015 Housing and Homelessness Strategy Report Card (part 1)