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What is housing choices program in Burnaby?

The Housing Choices Program in Burnaby is a casing action that aims to give affordable casing options for low and moderate- income homes. The program was first launched in 2002 and has been successful in serving affordable housing in the city of Burnaby. As we look towards the time 2023, it’s important to take a look at the Housing Choices Program and what it offers.

Here are the top benefits you can get from the program

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The Housing Choices Program in Burnaby is a housing initiative that aims to provide affordable housing options for low and moderate-income households. The program was first launched in 2002 and has been successful in providing much-needed affordable housing in the city of Burnaby. As we look towards the year 2023, it is important to take a closer look at the Housing Choices Program and what it offers.
The Housing Choices Program is a partnership between the City of Burnaby and private developers. The program requires developers to set aside a certain percentage of units in their new developments as affordable housing. These units are then made available to low and moderate-income households at reduced rental rates or purchase prices.
The program offers a range of housing options, including rental units and affordable home ownership opportunities. The rental units are available to households earning up to 80% of the median household income in the area. The affordable home ownership opportunities are available to households earning up to 120% of the median household income in the area. This ensures that the program caters to a broad range of households with varying incomes.
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One of the key benefits of the Housing Choices Program is that it helps to address the issue of affordable housing in Burnaby. Housing affordability is a significant issue in many cities across Canada, and Burnaby is no exception. With rising housing prices and a limited supply of affordable housing, many low and moderate-income households struggle to find suitable housing options. The Housing Choices Program provides a solution to this problem by creating affordable housing options that are accessible to those who need them.
Another benefit of the program is that it helps to create more diverse and inclusive communities. When affordable housing is available in all areas of the city, it ensures that people from all walks of life can live in different neighborhoods. This creates a more diverse and vibrant community where people from different backgrounds can interact and learn from each other.
Looking towards the year 2023, the Housing Choices Program is set to continue to make a significant impact on the housing landscape in Burnaby. The City of Burnaby has set a target of creating 1,000 new affordable housing units by 2023, and the Housing Choices Program will play a critical role in achieving this goal. The program has already been successful in creating hundreds of new affordable housing units, and it is poised to continue to do so in the years to come.

In addition to creating new affordable housing units, the Housing Choices Program is also set to undergo some changes in the coming years. One significant change is the implementation of inclusionary zoning. Inclusionary zoning is a policy that requires developers to include affordable housing units in all new developments, regardless of whether or not they are participating in the Housing Choices Program. This policy will help to create even more affordable housing options in Burnaby and ensure that affordable housing is available in all areas of the city. Contact Vancouver general contractors to get more information about it.

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