The Province (through BC Housing), the City of Vancouver and Holborn Properties have signed a memorandum of understanding (MOU) aimed at accelerating construction of social housing at the Little Mountain redevelopment in Vancouver.
“Enough is enough with the Little Mountain tragedy that was orchestrated by the previous government that resulted in a low-income community bulldozed, an interest-free loan of hundreds of millions of dollars and a massive empty lot growing weeds in the middle of a housing crisis,” said David Eby, Attorney General and Minister for Housing. “We wouldn’t be here today if Holborn had not agreed to abandon their court action and release the original contract to the public. That good-faith gesture allowed us to enter into an agreement on timelines they also had no legal obligation to agree to. It’s now up to them and Vancouver to actually get this housing open, which will be met with relief by many people across the province. I am hopeful for the first time in a long time about this project.”
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