VANCOUVER – The City of Vancouver is looking to accelerate changes to the development process to simplify and expedite social and co-operative housing by non-profits.
“If approved, Vancouver’s Social Housing Initiative would eliminate the need for individual rezonings, which can be costly and unpredictable and would streamline development of social housing from six to 18 storeys, depending on the neighbourhood type, providing much-needed housing for seniors on income assistance, families with children, construction workers, and early childhood educators, among others,” a release said.
The key benefits of the Social Housing Initiative include an expedited approval process for social, supportive, and co-operative housing projects by removing the current rezoning requirement.
The initiative would also include cost and risk reduction to “significantly lower the costs and reduce the risks associated with rezoning for non-profit housing organizations,” as well as support for equitable housing and complete neighbourhoods.
“The initiative would help non-profits provide opportunities for people of all income levels, particularly low- and moderate-income households, to live in all neighbourhoods,” the release said.
The initiative would also align with provincial legislation which aims to increase and accelerate delivery of homes across the province.
A public hearing will be held regarding the proposed changes in 2025, the release said.
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