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 — 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-beach-crescent-vancouver-rezoning
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