In this 2019 video, Metro Vancouver showcases its evolution into a transit-oriented region, marked by record-high transit ridership, especially among renters. Despite this progress, the region faces a significant challenge: a projected shortfall of 20,000 affordable rental units for lower-income residents over the next decade. The discussion delves into the complexities of high land prices and construction costs, the difficulties nonprofits face in accessing capital, and the critical need for affordable housing near transit hubs. The video highlights a three-year study and innovative solutions like the Transit-Oriented Affordable Housing (TOAH) fund and outlines potential pathways to creating inclusive and equitable transit-oriented communities.
To learn more about affordable housing and equitable TOD, visit our Online Opportunities for TOD Learning resource page.