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Vancouver’s Inexpensive Housing Fund has created 1,450 inexpensive housing items and helped 1,900 households with lease since 2016

WashingtonVancouver’s Inexpensive Housing Fund has created 1,450 inexpensive housing items and helped 1,900 households with lease since 2016

April 2016: The Vancouver Metropolis Council declares an inexpensive housing emergency, paving the best way to ask voters to move the tax measure known as Proposition 1.

Could 2016: Deliver Vancouver Dwelling launches its marketing campaign advocating for Proposition 1 passage. There is no such thing as a opposition marketing campaign.

June 2016: The council votes to place Proposition 1 on the poll.

November 2016: Proposition 1 passes with 57.64 % of the vote.

December 2016: Town outlines a timeline for when Inexpensive Housing Fund purposes are due and when funds might be disbursed.

February 2017: Metropolis employees suggest utilizing Inexpensive Housing Fund cash to transform a Hazel Dell marriage ceremony venue right into a homeless shelter, an concept that faces backlash and later will get dropped.

August 2017: The council approves regulation modifications that encourage the event of accent dwelling items.

October 2017: The council approves $4.4 million in funding suggestions. The council additionally approves increasing the Multifamily Tax Exemption program.

November 2017: Town will get purposes for housing help and self-sufficiency providers.

December 2017: Town collects the complete $6 million and critiques purposes.

February 2018: The council discusses funding suggestions for housing help and self-sufficiency providers.

Summer season 2018: The primary new building tasks that acquired Inexpensive Housing Fund financing open.

January 2023: Vancouver voters renew the inexpensive housing levy by approving a measure that can increase $100 million over 10 years for inexpensive housing growth and preservation, momentary shelters, homelessness prevention, and rental and homeownership help.

October 2023: Vancouver established a fund that can funnel thousands and thousands of {dollars} from housing builders into the Inexpensive Housing Fund.

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