Province, city strike deal to fund new social housing projects
Frances Bula, Vancouver sun
Published: Saturday, July 14, 2007

Revenue from the sale of provincial land in Vancouver would be used to build new social housing in the city and the rest of B.C. under a proposed deal struck by Mayor Sam Sullivan and B.C. Housing.

B.C. Housing is preparing to ask for bids from private developers on the six-hectare Little Mountain housing site in the centre of Vancouver.

The Little Mountain deal, which Sullivan says could be the first of many, would take profits from redevelopment deals used to replace existing stock and finance new social housing.

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