These are some ideas that we offer for addressing housing affordability. These ideas are our reasoned hunches and what we have learned over a course of time from reading the city’s reports on affordability, talking to residents and reading about affordability initiatives elsewhere in B.C. and globally. These ideas will continue to be shaped by the city’s residents, planners and other experts in affordable housing strategies.
The city should use a three pronged approach to try to address this housing crisis:
1. OPTIONS for Building more affordable housing
2. Discourage housing speculation, Encourage long term affordable rentals
3.Preserving older housing stock and ensure co-existence of older and newer homes
RATIONALE For the RITE Richmond housing platform (2018):
Why these actions are needed? The context of speculation in housing and how city’s policies are not doing much to curb this trend.