1. P. Gurstein & A. Lesnikowski, UBC Vancouver Presented At ACSP 2014 Conference

2.  No National Housing Strategy  “Affordability Gap”: gap between income and costs  Nearly ¼ of Canadian households spend 30% or more of their gross household income on housing  13.5% of households are in “core housing need”  Homelessness has grown dramatically – up to 300,000 across Canada…UN Rapporteur 2009: “crisis of homelessness and inadequate housing”  Aboriginal communities have worst housing in Canada  28% of Aboriginal households living off-reserve are in “core housing need”  On-reserve housing is inadequate

3.  Ranked as the 2 nd worst in the world for homeownership affordability  High Housing Prices and Low Average Incomes: ▪ Average income is one of lowest in Canada - $71,140; ▪ benchmark price of single family, detached house almost $1 million  Rental vacancy rates are among the lowest in Canada at 2.6 %  Highest average rent in Canada  Homelessness and Housing Insecurity… HEDGE CITY

5. one of the poorest neighbourhoods in North America… SRO, homeless, addiction and mental Illness, infestations of bed bugs and vermin strong community activism and solidarity

6. green, leafy streets… typical single family detached house value over 2 million dollars

9. Table 1: Metro Vancouver Affordable Housing Strategies Recommended Policies and Measures Abbotsfor d CoquitlamLangleyMaple RidgeNew WestminsterPort MoodyRichmondVancouverWest Vancouver Amend Official or Area Plans Housing First Policy Secondary Suites Laneway Housing Inclusionary Zoning Density Bonusing Rental Conversion Control Infill Reduced Parking Requirements Streamlined Approval Processes Fee Exemptions Supply of City Lands Tax Incentives Grants or Loans Housing Reserve Funds Land Banking Standards of Maintenance Bylaws Advocacy Partnerships Public Education Staff Resources Task Force Call for Proposals

10.  Increasing the supply of subsidized, supportive, and rental housing  Partnerships with provincial agencies like BC Housing and non-profit housing operators or private developers  Encouraging a mix of housing tenures and types  Expanding capacity in emergency shelters

11.  Type of growth financing fee paid by a developer to the City when applying to change the type and/or density of development permitted on a site – rezoning  A way to fund public benefits including non-market rental housing  Development approvals that involve bonus density only small portion of the total number of development permits  Between 2010 and 2012, such approvals were only 2-3% of all approved development permits but are large projects

12.  Development approvals that involve bonus density make up a relatively small portion of the total number of development permits issued each year  Between 2010 and 2012, such approvals were only 2-3% of all approved development permits but tend to involve large, high profile projects

13. Table 1: Affordable Housing Obtained Through Additional Density Approvals (2010-2012) 201020112012 Projects approved with additional density233644 Share of development permits issued2%3% Net additional density approved2.2 million sq. ft.4.2 million sq. ft.2.4 million sq. ft. Total value of public benefits secured$27 million$180 million$68 million Share allocated to affordable housing11%22%25% Value allocated to affordable housing$2.97 million$40.6 million$17.5 million Non-market rental units built on-site405 units 1 100 units70 units Market rental units built on-site106 units602 units 2 1,011 units 3 1 Built through 4 not-for-profit housing projects 2 400 units provided through STIR 3 Provided through the Secure Market Rental Policy Source: City of Vancouver through bonus density received through a

15.  It seems unlikely that private sector development of non-market housing will ever be able to compensate for funding gaps left by federal government cuts to affordable housing programs  The nature of financing tools like CACs means that non-market housing construction using these funds will face strong competing demands from other policy priorities

16.  Range of tenure models  Mixed income communities  Social housing revival  Rent bank  Tax speculation  Income support programmes  Reform of Residential tenancy law  Community Land Trusts

17.  Community Land Trust Foundation has brought together a group of co-ops and non-profit organizations to work together to create 355 affordable housing on four city-owned sites  The City has leased the land to the Land Trust for free, greatly reducing the cost of the project  The housing projects themselves will be financed by money raised by the non-profits, by generating income from some units renting at just below market rate, and from selling leasehold interest to commercial spaces

18.  The Community Land Trust model has the potential to create more sustainable affordable housing stock in the city by allowing housing built to be permanently affordable.

19.  Efforts are needed to ensure that the various levels of government have a housing strategy  It is the concerted efforts of government and the private and non-profit sectors that are needed to start building new relationships that ensure the provision of affordable housing for future generations