Toah!Toah!
Toah!Ville
It looks like a new approach developing affordable rental housing near transit locations may be coming to Lotusland.
Carlito Pablo has the story in the GStraight:
...It involves the creation of a regional fund as a low-cost financing tool to support the development of what is known as “transit-oriented affordable housing”, or TOAH. Raymond Kan, a senior planner with Metro Vancouver, wrote in a report that this fund could “incrementally improve the delivery of affordable rental housing”...
But.
How does this 'Transit-Oriented Affordable Housing' (TOAH) initiative actually work?
Well, according to a blurb attached to Mr. Tan's planning report, this:
...“These funds are not intended to bend regional market forces, but rather to target a modest amount of financial resources towards the creation or preservation of affordable rental housing in specific geographies consistent with regional plans”...
I mean, honestly, what the heckfire does that even mean?
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Interestingly, in the San Francisco Bay Area, the most excellent Chan-Zuckerberg Initiative has apparently pledged $500 million to a local TOAH... Gosh, just imagine what we could do if the very finest of the fine folks of that ilk just paid old school Eisenhower/Diefenbaker era-style taxes instead?
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Links 4/26/24
1 hour ago
1 comment:
Who knows what it means, beyond they went to school to learn that b.s. What a waste of money, if that is what they do for their living. I think it actually means they're going to not have any affordable housing around skytrain stations and certainly not in maple ridge.
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