Someone sent me this letter from the Coalition of Vancouver Neighbourhoods on the
recent changes to the rental policy:
"CVN fully supports the need to provide more truly affordable rental housing. However, City programs to date have seen the construction of an extraordinary number of units without meeting that goal. As noted by SFU professor Andy Yan, only 12% of units approved over the past two years were affordable for the 39% of households earning less than $50,000 per year, while 66% of the units would require earnings above $80,000 per year. In the meantime, affordable low-rise buildings have been demolished and the need for truly affordable housing has risen to crisis level. It is City programs that need to change, not zoning criteria, with an emphasis on retaining units that are already affordable.
The former council’s Moderate Income Rental Housing Pilot Program (MIRHPP) should not be accepting new applications and should be suspended until the City-wide Plan is complete. It creates very large buildings, similar to STIR, that would set precedents of scale that undermine community planning processes.
The recommendations in this report show a clear bias towards new construction, while retrofit incentives for existing rentals are not nearly enough to be effective. The proposed new development incentives would place existing rentals at risk, undermine character house retention options, and put heritage buildings at risk."