Under the agreement, “
at least 30% of the social housing units will be rented at BC Housing’s housing income limits — rental rates of no more than 30% of household income. It will target households with incomes of between $15,000 and $68,000 annually.”
Therefore, if households with incomes of $15,000 are largely targeted, as is the city’s right under the agreement, then 30% or more of the social housing units could possibly be rented at hardcore welfare, SRO levels and targeted at that demographic, i.e., the chronically homeless, drug addicted, mentally ill, etc. Under the agreement, therefore, a substantial portion of this project could theoretically become a slum.
Source:
https://dailyhive.com/vancouver/601-...ouver-rezoning
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