NEWS Carr wants de­vel­op­ers to play fair with Rental 100 City staff re­port ex­pected to go to coun­cil in spring

The Georgia Straight - - NEWS - By Car­l­ito Pablo

Akey hous­ing pro­gram by pro­posed start­ing rents should be at the pre­vi­ous Vi­sion Van­cou­ver or be­low $1,496 for a stu­dio, $1,730 for ad­min­is­tra­tion may a one-bed­room, $2,505 for two bed­rooms, face a ma­jor over­haul. and $3,365 for three bed­rooms. Coun. Adri­ane Carr is ex­pected For West Side devel­op­ments, the to play a ma­jor role in the re­view max­i­mum start­ing rents are $1,646 of Rental 100, which sub­si­dizes de­vel­op­ers for a stu­dio, $1,903 for a one-bed­room, of what are sup­posed to be $2,756 for two bed­rooms, and af­ford­able mar­ket rentals. $3,702 for three bed­rooms.

In the pre­vi­ous coun­cil, Carr These rents ap­ply start­ing on the suc­cess­fully in­tro­duced a mo­tion day of the pub­lic hear­ing by coun­cil. to au­dit projects com­pleted un­der De­vel­op­ers can in­crease rents the pro­gram and its pre­de­ces­sor, ev­ery year, based on the max­i­mum the Short Term In­cen­tives for rate al­lowed by provin­cial leg­is­la­tion, Rental, or STIR. un­til the project is

A staff re­port on com­pleted. This means Carr’s mo­tion is that the first ten­ants ex­pected in the will be mov­ing in spring, and the with rents higher Green coun­cil­lor than those pre­sented an­tic­i­pates that C to city

. o e the new coun­cil coun­cil.

l u b may in­tro­duce More­over, the n a

d

.

A r sig­nif­i­cant d o start­ing rents r i changes. a ap­ply only to first

n

“The like­li­hood e ten­ants. De­vel­op­ers

C is very high that this a r u can charge as

o coun­cil will,” Carr s h much as they want for s s

L told the Ge­or­gia Straight u n i C

t s w i t h o u t D sub­se­quent te­nan­cies. in a phone in­ter­view. “Peo­ple have ac­tu­ally

The changes are ex­pected to come to me to say, ‘Look, you, as a fo­cus on mak­ing sure that rents coun­cil, passed these projects. The are af­ford­able in such projects that rents that were listed in the re­port are sup­ported by var­i­ous in­cen­tives to coun­cil were never the rents that from the city. These in­cen­tives in­clude got charged. These projects got de­layed waivers on pay­ing de­vel­op­ment or what­ever and it just took cost levies, or DCLS. time and then the rents even from

“I’ve seen a lot of in­ter­est in mak­ing the very be­gin­ning were not those sure that the rental hous­ing that rents,’ ” Carr said. we build—and es­pe­cially the rental “And the other thing they say is hous­ing that’s sub­si­dized by DCL that ‘Yeah, peo­ple come in and then waivers—is com­ing in at rents that they some­how get peo­ple to move peo­ple can af­ford,” Carr said. out and they jack the price way up,’”

The rental-in­cen­tive guide­lines Carr con­tin­ued. “So both of those for 2018 pro­vide a pic­ture of what the con­cern me, of course, es­pe­cially city con­sid­ers “for-profit af­ford­able be­cause in those Rental 100 projects rental hous­ing” un­der Rental 100. and the pre­vi­ous STIR pro­gram, you

In or­der for projects on the East know, we for­gave, like, just mil­lions Side to be el­i­gi­ble for DCL waivers, of dol­lars of tax money.”

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