Vancouver
Expanding Co-op Housing on City-Owned Land
Standing Committee on City Finance and Services
Date: 2024-03-13
development
The City of Vancouver is exploring ways to expand and renew its co-op housing stock, including leveraging underutilized city-owned land to create more affordable and attainable homes.
Key Highlights:- The City formed the Vancouver Housing Development Office to utilize city land for middle-income housing.
- The City owns and manages land in Champlain Heights and False Creek South, which presents opportunities for new co-op development.
- The Housing Vancouver Strategy aimed to deliver more co-op housing but faced challenges, and the City is now looking to partner with the Co-operative Housing Federation of BC (CHF BC) to explore new co-op housing models.
- The City is directed to report on opportunities to build new co-op housing on existing city-owned co-op sites and to update the False Creek South Development Plan to increase housing targets and options for existing residents.
- Report on Opportunities: The City will report on opportunities to build new co-op housing on existing city-owned co-op sites and explore partnerships with CHF BC.
- False Creek South Development Plan: The City will update the False Creek South Development Plan, including retaining city ownership, increasing housing targets, and options for existing residents.