Students and families will be living in apartments in downtown Vancouver in the coming months as the city tries to solve housing affordability and the demand for student housing.article The city says it’s planning to start a pilot program in the downtown area, with the goal of making rental housing more affordable in the long run.
The city says the first apartments will be made available to students and families who have not yet applied for housing in the city’s Downtown Eastside neighbourhood, which is near the university.
The project will be a pilot project, but the city says construction could take a year to complete, which will likely include the construction of the first units.
The city will also add more units to the program as the program expands.
“Our plan is to bring more students into the city as they become residents and we’re also adding more apartments to the city,” said Amanda Rimmer, executive director of the Vancouver Downtown Housing Association.
More students will be moving into the area and the city hopes to help those who are displaced by construction.
Vancouver will be adding about 10,000 student housing units over the next five years, Rimmer said.
In 2018, the city plans to spend $4.6 billion on housing and to spend another $3.8 billion on the Downtown East Side, the largest block of downtown.