Canada in general and Vancouver in particular has a severe affordability crisis. It is a multi-dimensional problem. How can we build the additional 3.5 million units needed by 2030 to resolve the affordability crisis?
The challenges are finance, high cost of land, the time constraints due to prolonged permitting and approvals as well as escalating construction costs and labour shortages.
There are three surveys in the menu above please choose the ones that fit your needs.
THE SOLUTION
The solution is to fund and build more affordable housing at scale. Simply; more units, more quickly with low interest money.
To help address the funding problem we have designed a market research program to determine the market acceptance of Affordable Housing Bonds and whether homeowners will buy into the Secondary Suite Incentive program where they can receive $40,000 for putting an affordable rental suite on their property.
Community Outreach. We will set up a community booth at prominent locations throughout the fall and our volunteer Affordability Ambassadors will engage with the community and share the Four Pillars approach to affordable housing development. The goal is to get 50,000 respondents to our surveys.
Teams will set up at plazas, church and shopping mall parking lots and indoor community booths, Farmers Markets and other venues. throughout the summer. The team will also hold Lunch & Learn events to further spread the word about ‘Building Solutions to the Housing Crisis’.
