I couldn’t believe it when I read Carlito Pablo’s article in the Georgia Straight about the proposed Molnar development at Renfrew and East 10th. Normally, I really challenge developers, but in this case I’m applauding the Molnar Group. They’re building 96 rental units, 19 of them dedicated to households earning moderate incomes. The bottom line…
Tag: DCLs
Affordable rents: There’s a way, just no will
Over the last number of years, Vision Vancouver has been offering developers significant incentives in the form of waiving development cost levies or DCLs in return for a commitment from the developer to provide purpose-built rental housing. (See my June 29 blog on DCLs.) Unfortunately, this has not helped at all in addressing Vancouver’s housing…