Video: Vancouver takes on full costs to prove modular housing for homeless model
Video: Vancouver takes on full costs to prove modular housing for homeless model
City staff believe the speedy and cheaper construction method could help boost housing supply in
Vancouver, and not just for the most needy
JENNIFER GAUTHIER/FOR METRO
Horizon North, a company that specializes in modular building fabrication, was awarded a $3.5 million
contract to build a three-storey apartment building at Main and Terminal
By: Jen St. Denis Metro Published on
The City of Vancouver plans to pay for the entire cost of building, operating and subsidizing rent in order to create a temporary, quick-to-build apartment building that city councillors and staff see as a future model to quickly house people who are at risk of homelessness.
The city, which had planned to spend $3.5 million to build the three-storey modular structure, now also plans to pay for a rent subsidy totalling $222,000 in order to bridge the gap between the income assistance shelter rate of $375 and the break-even rent rate of $850.
The city’s housing agency, not a third-party operator as was initially planned, will manage the building at a cost of $285,000 a year.
http://www.metronews.ca/news/vancouver/2016/12/21/vancouver-takes-on-full-costs-to-prove-modular-housing-model.html
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