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Affordable housing the largest recipient of public benefit contributions in 2016

June 8 2017

Family laughing with mom and two children

Next week City staff will present to Council the annual reports on contributions from development, including: Development Cost Levies (DCLs), Community Amenity Contributions (CACs) and Density Bonus Contributions (DBZ), showing that 2016 was yet another strong year for development.

The City saw $67 million in DCL's contributed through Building Permit approvals and secured $127 million in CACs and DBZ through new density approved last year, the highest portion of which has been allocated to support affordable housing.

The Marpole, West End and Cambie Corridor Plans accounted for a significant portion of the growth and as such secured the most public benefit value.

Public benefit contributions

Affordable housing continues to be the largest recipient of public benefit contributions, receiving in 2016:

  • $51.3 million in cash contributions ($30.6M secured from CACs and $20.7M in DCLs) toward upcoming affordable housing projects (funding will be assigned to specific projects via the City's budget process)
  • $9.3 million in DCLs were exempt/waived to support the construction of 346 units of social housing and 443 units of secured market rental housing (these projects reached the Building Permit stage in 2016)
  • 393 units of social housing and 884 units of market rental housing were secured via rezoning at 14 sites across the city, to be delivered over the next 2-5 years as these projects advance to construction

Development continues to support the construction of public amenities and infrastructure, such as affordable housing, childcare, parks, and community facilities, required to accommodate growth while ensuring the city's livability in the years to come.

The contributions made towards creating affordable housing in Vancouver reflects the City's priority to increase affordable housing for low and modest income households, and to increase the number of secured rental homes.

In March, City Council approved the emerging directions to help form the City's new housing strategy, a new approach to delivering housing affordability for local residents now and into the future.

Discuss how housing affordability affects you

The City is looking for all Vancouver residents to provide feedback on the proposed new priorities and actions, which will focus on building the right supply of housing across the city.

Feedback received will help form our new 10-year housing and homelessness strategy, Housing Vancouver.

Residents from across the city - renters, home owners, seniors, youth and families - are invited to discuss how housing affordability affects their lives and to explore how proposed new priorities could shape a new approach to housing.

To supplement the annual report the City also produced a booklet titled Community Benefits from Development: Improving Neighbourhoods and Enabling Affordable Housing. It describes Vancouver's approach to development contributions and explains the broader context of how we are meeting the needs of a growing city, including examples of a wide range of public benefits throughout the city.

Learn more about Community Benefits from Development.

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