As a growing and diverse city, Vancouver faces the need to increase the availability and range of affordable housing choices for all residents; it’s a critical step in building a healthy, resilient and sustainable city.
Housing and Homelessness Strategy, 2012-2021
In 2011, Vancouver City Council adopted the Housing and Homelessness Strategy, 2012-2021.
The strategy identifies Vancouver’s growing housing needs, sets specific 10-year targets, and outlines how new housing units can be added through strategic partnerships with senior levels of government, the private sector, and non-profit organizations.
The strategy has three directions:
- Increase housing supply and options
- Encourage a housing mix that enhances quality of life across all neighbourhoods
- Provide strong leadership and support partners to enhance housing stability
Role of the capital plan
We have earmarked $125 million in the 2015-2018 Capital Plan for affordable housing and put forward 20 housing sites worth $250 million in order to deliver 3,500 affordable housing units in partnership with senior levels of government.
This is the our biggest housing investment to date, with the primary goal of driving affordable housing supply and providing more diverse housing options.
Over the next few years, we will continue to leverage new affordable housing units geared toward low- and moderate-income households, ranging from supportive and social housing to secured market rental, laneway housing, and secondary suites.