For Immediate Release
Affordability experts respond to announcement to build 1,100 housing units in Vancouver
WHAT: The BC Government and Service Employees' Union (BCGEU) will hold a press conference at its Vancouver Area Office Friday at 10:00AM in response to the federal government's announcement of $180M in loans and funding for affordable housing in Vancouver.
The federal money will help build a small portion of the housing needed in Vancouver, but it does not represent the kind of long-term funding required to address the housing crisis in a stable and responsible manner. The authors of the report Building an Affordable B.C., BCGEU Treasurer Paul Finch and Vice President of CUPE Local 1767 representing union members at BC Assessment Authority Harpinder Sandhu, will offer a critical analysis of the announcement. They will also discuss how local governments can use a land value capture tax to generate stable funding for the public build-out of affordable housing.
Paul Finch and Harpinder Sandhu will then respond to questions from the media. Individual interviews immediately after the conference will also be possible.
WHEN: Friday, August 9, 2019, 10:00AM
WHERE: BCGEU Lower Mainland Area Office, 130 - 2920 Virtual Way, Vancouver
(Please check in at reception.)
View the report Building an Affordable B.C. here: https://www.affordablebc.ca/our-plan
Opinion: Land Value Capture idea gaining traction as housing affordability crisis continues
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