Online Accommodation Platform Funds
Motion
That Council allocate Online Accommodation Platform revenue in 2024 as follows: $438,986 to acquisition of land for affordable housing; $200,000 for continued support to rent bank and rent supplement programs; and, $300,000 for infrastructure and land improvements for BC Housing and City Memorandum of Understanding development projects.
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 2024.
Staff recommendation
That the Finance and Audit Committee recommend that Council allocate Online Accommodation Platform revenue in 2024 as follows: a) $438,986 to acquisition of land for affordable housing; b) $200,000 for continued support to rent bank and rent supplement programs; and, c) $300,000 for infrastructure and land improvements for BC Housing and City Memorandum of Understanding development projects.
DocumentsStaff report about Economic Development, Housing