De Genova wants City Staff to explore incentives and different types and forms of housing, such as micro units and co-op housing, and programs to increase Vancouver’s stock of townhomes to make Affordable Home Ownership in Vancouver possible
Vancouver, B.C., June 12, 2015 – NPA City Councillor Melissa De Genova is calling on the City of Vancouver to explore the establishment of an Affordable Home Ownership program. The Vancouver real estate market has become unaffordable for many people, including Millennials, young families and seniors. Many people who want to own a home find they must leave the City to find affordable homes they can purchase.
De Genova says Vancouver has a long history of family-centred planning and policies and that it strives to be a city with healthy, thriving children and families: A city everyone can call home. However, there are currently no City-led initiatives or programs to encourage Affordable Home Ownership, nor any specific policies or goals related to Affordable Home Ownership units in the City of Vancouver.
“Many people, especially Millennials and young families, are unable to live in Vancouver because it’s unaffordable and prices continue to rise,” De Genova says. “We need to provide people with housing options beyond rentals that can make the dream of home ownership a reality.” Continue reading