City of Vancouver approves new development to include a co-op! - May 15, 2013

Vancouver City Council gives green light to Land Trust proposal for new affordable housing

CHF BC welcomed a unanimous decision by Vancouver City Council this morning, May 15, to approve a proposal from the Community Housing Land Trust Foundation (the Land Trust) to lead a partnership of co-op and non-profit organizations to develop new affordable housing on four sites owned by the City. This innovative development, which includes the new Fraserview Housing Co-op, will create 355 affordable homes for families, seniors and people living with mental illness.

The Fraserview Housing Co-op will operate 161 homes as part of the new development. The Land Trust, which has held land for affordable housing since 1993, will coordinate the non-profit and co-op partners who will build and operate housing on the four properties.

The City of Vancouver is leasing the four sites to the Land Trust for 99 years at a nominal rent. “It shows what the co-op and non-profit community, the private sector and municipal government can do when they work together," says CHF BC Executive Director Thom Armstrong. "We think this provides a model for communities right across B.C., and perhaps beyond.” 

The development plan features a unique combination of partners who will all contribute equity to make the new homes affordable.  Rents in the first year of operation are projected to be as low as 76% of the market rents new units would attract in this neighbourhood. Construction of the new affordable homes on four city-owned properties will begin next spring, with units coming onto the market later in 2015. 

You can get more details about the project in our original press release and backgrounder and the City's original report to council regarding the proposal. 

What's Happening

Upcoming Events

June 7
Yes Camp Draw

June 22
Co-op Housing Summer BBQ

 

CHF BC Election Campaign hits final stride

CHF BC is telling the newly elected BC Liberal government that they must unlock the solution to keeping low-income, senior and disabled British Columbians in their homes.

“During the life of the government we’ve just elected, more than 1,500 co-op households in B.C. will lose the federal rent support that currently makes their housing affordable,” said CHF BC Executive Director Thom Armstrong.

The real work starts now: reminding the newly-elected government of the commitments they made during the election campaign. CHF BC will continue to follow up with the new government and find solutions to the challenges facing so many co-op communities.

Meetings on the eve of the election with returning BC Liberal MLAs like Rich Coleman were positive, said Armstrong, and support for the CHF BC goals was voiced by other freshly-elected candidates like Sam Sullivan (Vancouver-False Creek).

Throughout the campaign it was our CHF BC Shadow Candidate Team (co-op members concerned about what could happen if expiring federal assistance is not replaced)who did the work to remind candidates from all parties that they hold the key to keeping co-op members in their homes. CHF BC gives thanks to their dedication, commitment and passion that put the plight of Section 95 co-op communities squarely on the political radar and opened the eyes of many to the immense potential of the co-operative housing model.

Since kicking off a month ago with twin events in Vancouver and Victoria, the You Hold the Key campaign saw Shadow Candidates attend all-candidate meetings all over the Lower Mainland and Greater Victoria area, question hundreds of candidates in person, via email or by using social media, and meet with party leaders and political heavy-hitters, including Premier Christy Clark, NDP leader Adrian Dix, and Coleman, who held the housing portfolio before dissolution.

To read more about the work of our shadow candidates and our You Hold the Key campaign, check out our Election Central blog.