Vancouver City Council allocates $11.15M for affordable housing projects

view original post

The Vancouver City Council has approved a resolution to allocate $11.15 million from its Affordable Housing Fund to support the creation or preservation of 330 affordable rental homes. The initiative focuses on aiding seniors, people with disabilities, and individuals transitioning out of homelessness.

“This funding is an essential tool in our continuing effort to address the affordable housing crisis in our community,” said Mayor Anne McEnerny-Ogle. “The important projects supported by this investment will help ensure that our most vulnerable neighbors have access to safe, stable and affordable homes, fostering a more inclusive and resilient community.”

Following a review by the Housing Advisory Committee, five projects were recommended for the AHF awards:

  • Community Roots Collaborative‘s C-Roots Mill Plain Tiny Homes will receive $1.05 million to support 20 new units of permanent supportive housing for households exiting homelessness.
  • Palindrome’s Artifact at Vancouver Heights District (site C) will be awarded $4.1 million to support 109 new units in a mixed-income development, including units for people with disabilities.
  • Mid-Columbia Manor’s Smith Tower preservation project will receive $2 million to rehabilitate 170 existing units in an iconic senior apartment building, enhancing life and safety features.
  • Vancouver Housing Authority’s Vancouver Heights District site P will receive a $1 million forward commitment for 51 new senior housing units with on-site services and community amenities.
  • Vancouver Housing Authority’s Vancouver Heights District site P will also receive a $3 million forward commitment for 80 new family housing units with supportive services and outdoor space.

These projects aim to serve households earning 30% to 60% of the area median income and were prioritized based on community need, project readiness, and feasibility. The application process for the Affordable Housing Fund remains open on a rolling basis, with quarterly review periods throughout the year.