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.
Next Steps:
  • 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.
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Motion