Online Accommodation Platform Funds
Motion
That Council allocate the Online Accommodation Platform revenue in 2025 as follows: 1. $830,000 to acquisition of land and/or infrastructure/land improvements for affordable housing developments related to BC Housing and City of Nanaimo partnerships; 2. $150,000 for continued support to the rent supplement programs; and, 3. $150,000 for continued support to the Nanaimo Region Rent Bank program, administered by Connective Support Society Nanaimo.
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To provide the Finance and Audit Committee with a recommendation for the allocation of Online Accommodation Platform revenue in 2025.
Staff recommendation
That the Finance and Audit Committee recommend that Council allocate the Online Accommodation Platform revenue in 2025 as follows: a) $830,000 to acquisition of land and/or infrastructure/land improvements for affordable housing developments related to BC Housing and City of Nanaimo partnerships; b) $150,000 for continued support to the rent supplement programs; and, c) $150,000 for continued support to the Nanaimo Region Rent Bank program, administered by Connective Support Society Nanaimo.
DocumentsStaff report about Economic Development, Housing