In the Courier "Vancouver announced Friday morning that seven city-owned sites will be developed by Community Land Trust. Combined, the seven sites, which are located at various locations throughout the city, will bring around 1,000 new affordable rental units targeted at individuals and families earning between $30,000 and $80,000 annually."
"City council this week approved a contract with Community Land Trust. The organization was chosen as the successful proponent after the Vancouver Affordable Housing Agency sent out a request for proposals to develop the seven sites. The trust will design, build, finance, operate and maintain the sites. Once the developments are complete, non-profit operators, such as Atira Women’s Resource Society, McLaren Housing Society and Fraserview Housing Co-operative, will partner with the Community Land Trust to manage the buildings."
"Rents in the buildings will be closely tied to the income levels of residents, ranging from shelter rates of $375 up to $1,800 to $2,000 a month for the larger family units. Robertson said rent for a single individual making in the range of $30,000 a year would be around $750 a month."
Some of the projects have already been announced; (like
177 W Pender), others are new
"The seven sites are located throughout the city with three downtown — at the corner of Burrard and Davie streets, Seymour and Davie, and in the 100 block of West Pender Street. Another two on Vanness Avenue in the Renfrew-Collingwood neighbourhood and at 1001 Kingsway in Kensington-Cedar Cottage. And two more in the East Fraser Lands area — 140 units on Pierview Crescent and 372 units on Marine Way."