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B.C. pledges $2-billion more in loans to build lower-cost housing

B.C. pledges $2-billion more in loans to build lower-cost housing
Published April 15, 2021
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The B.C. government is about to pour money into increasing the supply of lower-cost housing in the province by more than tripling the amount of money it’s willing to lend builders at rock-bottom government interest rates.
Attorney-General and Housing Minister David Eby has previously focused on demand-side measures to cool housing costs, such as imposing taxes on foreign buyers and on homes that are left empty. On Thursday, he said the additional $2-billion in provincial housing-loan money will be a jump-start for the construction of thousands of new apartments and townhouses that households with $75,000 a year or less can afford. ....

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Vancouver City Council approves 82 social housing units near future SkyTrain station

This property is currently occupied by an ageing three-storey, 36-unit market residential building.
In partnership with BC Housing and Brightside Community Homes Foundation (BCHF), the developer will acquire the rezoning site at 349 East 6th Avenue for the new building. It will replace the existing social housing property next door BCHF’s 1968-built Lion’s Manor at 325 East 6th Avenue with 36 units for seniors.
This land swap amounts to the developer acquiring the existing social housing property, which will presumably be redeveloped for market residential uses in the future.
Site of 349 East 6th Avenue, Vancouver. (Google Maps)
Land swap of the existing Lion’s Manor social housing building at 325 East 6th Avenue (blue) and the new social housing tower site at 349 East 6th Avenue (red). (City of Vancouver) ....

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