Tuesday, September 4, 2012
Wanted: affordable housing proposals
Six sites are available in Vancouver
The City of Vancouver has issued a Request for Expression of Interest (RFEOI) for proposals to develop up to 500 units of below-market rental housing by the end of 2015 on six city-owned parcels of land.
The land is being made available for redevelopment to successful consortia of not-for-profit and private sector applicant teams in exchange for a nominal, long-term ground lease. It’s all part of a new program, More Homes, More Affordability, that will see below-market rental housing built that will be operated through a long-term land lease from the city. The program moves the city closer to housing targets set out in its Affordable Housing and Homelessness Strategy, 2012-2121.
These targets also align with policy recommendations from the Mayor’s Task Force on Housing Affordability. “Ensuring Vancouver has affordable housing is vital to building an inclusive, diverse city that supports local jobs and investment, limits sprawl, and creates opportunity for residents of all ages,’ says City of Vancouver Mayor Gregor Robertson.
Sites identified are in the Kensington-Cedar Cottage and Killarney neighbourhoods. Teams interested in building affordable rental housing through the More Homes, More Affordability program should review the City’s expression of interest document available at www.vancouver.ca. In the search box enter More Homes, More Affordability.
RFEOI submissions are due by September 12, 2012. Shortlisted candidates will be announced in October. A detailed Request for Proposals will be issued in October and projects will be awarded in early 2012