The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54- and 40-storey buildings providing up to 1,136 market rental homes. The City remains committed to non-market rental housing and affordable housing partnerships.
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