AHA seeks partners to build nearly 900 new rental homes throughout Vancouver

  • Page Views 340
  • Units will provide much needed housing for singles, seniors and families on low to moderate incomes

    The Vancouver Affordable Housing Agency (VAHA) has released a Request for Proposal (RFP) to develop nearly 900 units of new affordable rental housing on seven City-owned sites, worth approximately $79 million. VAHA will lease the land to partners to build, fund and operate these new rental developments.

    With rental vacancy rates at 0.8 per cent, one of the lowest in Canada, the City is facing a housing crisis. These sites were allocated to VAHA by Vancouver City Council to enable the development of new affordable rental housing, part of the City’s strategy on addressing the housing crisis.

    These new developments will offer a mix of housing to meet the needs of singles, families and seniors earning low to moderate incomes. Rental rates for all units will target below market rates. Deeper affordability could be achieved through strategic partnerships with senior levels of government, and non-profit organizations and foundations.

    “Finding secure, affordable rental housing in Vancouver is a big challenge, particularly for people with low to middle incomes,” says Mayor Gregor Robertson. “City Hall continues to explore every opportunity to build new affordable housing, and developing 900 new homes on city land for renter households earning under $80,000 is another step we’re taking to deliver housing for people who live and work in Vancouver. Offering city land for development keeps housing costs down for renters, and with investments from the BC and federal governments, we can make these 900 new homes even more affordable.”

    “We’ve heard that residents want bold action on addressing the housing crisis, and this RFP puts us on the path to do just that,” says Luke Harrison, CEO, VAHA. “The door is open to any and all qualifying organizations and big ideas on how to develop these seven City-owned sites to create the most affordable rental units. We look forward to hearing from the industry and working together to reach our goals.”

    To view the RFP in its entirety, check<http://bids.vancouver.ca/bidopp/openbid.htm>. For more information on the Vancouver Affordable Housing Agency, visit: vaha<http://vancouver.ca/your-government/vancouver-affordable-housing-agency.aspx>.ca

    Share

    New Posts Recently publish post More

    • 09 December 2017
      3 days ago No comment

      Statement from the office of the late Senator Tobias C. Enverga, Jr.

      December 7, 2017 Ottawa, ON On behalf of the Enverga family, I wish to convey sincere thanks for the outpouring of love, support, and prayers given in the days following the passing of the Honourable Tobias C. Enverga, Jr. The family would like to thank the more than 7,000 ...

    • 06 December 2017
      6 days ago No comment

      City of Surrey and Statistics Canada Partner on Opioid Data Collection and Community Response Project

      For immediate release: Dec. 5, 2017  Surrey – There is a broad range of people who suffer from opioid use disorders and the lives that are being claimed by the overdose crisis is revealing that a significant number of the deaths are occurring in residential locations and in private. Understanding the factors ...

    • 03 December 2017
      1 week ago No comment

      Kisses is now a Star Pop artist

      PBB Lucky Season 7 2nd Big Placer Kisses Delavin finally introduced her highly anticipated debut album Kisses under Star Pop, Star Music’s new sublabel for the young market, to a jam-packed crowd at SM North EDSA Skydome recently. The rising teen star pepped up the show with an opening ...

    • 03 December 2017
      1 week ago No comment

      Michael V preparing for his inevitable exit from ‘Bubble Gang’

      For the past 22 years, Michael V has been the binding force of “Bubble Gang,” for which he works not only as an actor, but also a creative director. While having the long-running gag-comedy show without him is almost unimaginable, he knows that, at some point, he would have ...

    • 03 December 2017
      1 week ago No comment

      PBA in turmoil as Narvasa divides Board

      NOVEMBER 2017 SPECTATOR   THE PBA (Philippine Basketball Association) is in turmoil, all because of PBA Commissioner Chito Narvasa. No, the country’s No. 1 sporting entertainment is not losing money. But the league’s 7 breakway governors want Narvasa out. That’s when the trouble began. The Suicidal 7 could not ...

    %d bloggers like this: