Purpose-built rental housing- what worksPurpose-built rental housing- what works<div class="ExternalClass6F445E864B1445FBA2C29CE532175A6A"><p>With rental vacancy rates at historically low levels in the region, purpose-built rental housing, which is multi-family housing constructed for long-term rental tenure, is in short supply. Privately owned rental condominiums are an important part of supply of rental housing as well, but are sometimes less favoured by renters as the owner can reclaim the suite with short notice. This is particularly important for those who would find moving difficult (such as families with children) or those with mobility limitations such as the elderly and the disabled. Metro Vancouver has prepared “What Works: Sustaining and Expanding the Supply of Purpose-Built Rental Housing,” a Metro 2040 Implementation Guideline report focused on measures to improve purpose-built rental housing availability, diversity and affordability. This report transmits evidence about municipal and other measures that can work to both sustain existing purpose-built rental housing and to facilitate the development of new purpose built-rental housing. </p><p>It is one of the first implementation actions of the recently adopted Metro Vancouver Regional Affordable Housing Strategy (‘RAHS’ -May 2016). Staff worked with local municipalities through the Regional Planning Advisory Committee (RPAC) and its Housing Subcommittee, as well as housing industry and non-profit housing stakeholders to produce the Regional Affordable Housing Strategy. </p><p>The “What Works” report was received by the GVRD Board in July 2016 and is available on the website here, <a href="/services/regional-planning/PlanningPublications/RAHS-WhatWorksReport.PDF" target="_blank">What Works: Sustaining and Expanding the Supply of Purpose-Built Rental Housing – Regional Growth Strategy Implementation Guideline #6</a></p></div>http://www.metrovancouver.org/metroupdate/PublishingImages/Issue24-RentalHousing.jpg2016-09-27T07:00:00ZGP0|#e2b01bb7-c847-4927-b23d-b35b5af84a41;L0|#0e2b01bb7-c847-4927-b23d-b35b5af84a41|Issue 24;GTSet|#d14ffe11-45dc-48fb-8684-ff109cf15a74<div class="ExternalClass264AEF52663047A59E3524F451EA4D76"><p>​Developed with input from local municipalities, the housing industry and non-profit housing stakeholders, this report includes measures to sustain and develop purpose built-rental housing.<br><br></p></div>0