The Vancouver Affordable Housing Agency (VAHA) has released a Request for Proposal (RFP) to develop nearly 900 units of new affordable rental housing on seven City-owned sites, worth approximately $79 million. VAHA will lease the land to partners to build, fund and operate these new rental developments.
More information can be found on the City’s website.
How VAHA is providing affordable housing
Since VAHA’s creation in June 2014, several innovative steps have been taken to address the housing affordability crisis, to add permanent affordable rental housing to the market, and to develop temporary affordable rental housing units in Vancouver:
- VAHA is currently working toward the delivery of 2,200 new affordable rental housing units on City-owned land, with 19 new housing sites currently in development.
- VAHA opened Vancouver’s first temporary modular housing project comprised of 40 new affordable rental housing units at 220 Terminal Avenue. The project was completed in approximately nine months and has garnered financial support from CMHC and Vancity. VAHA hopes to replicate this successful model to provide additional temporary housing.
- A total of nine sites put forward by VAHA, including three in the East Fraserlands River District neighbourhood, are in the planning and design phases. These projects will create approximately 1,000 units of new affordable rental housing.