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$4,094 rent for three bedrooms now meets Vancouver’s definition of “for-profit affordable housing

The City of Vancouver grants many incentives for developers of “for-profit affordable rental housing”.

It’s a policy that started during the time of then Mayor Gregor Robertson and his Vision Vancouver council.

The program continues with the current council led by Mayor Kennedy Stewart.

City incentives include waivers on the payment of development cost levies or DCLs, which typically amount to millions of dollars. … [Read More]